Figma shares plummeted nearly 20% on Thursday, falling to the lowest price since the design software vendor's IPO in July after the company reported earnings for the first time as a public company.Results for the second quarter were largely inline with expectations, as Figma had issued preliminary results a little over a month ago. Revenue increased 41% from a year earlier to $249.6 million, slightly topping analyst estimates of $248.8 million, according to LSEG.Analysts at Piper Sandler described the repor ...

Financial Performance - Thermon Group reported quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share, and down from $0.38 per share a year ago, representing an earnings surprise of -2.70% [1] - The company posted revenues of $108.9 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 11.84%, compared to year-ago revenues of $115.13 million [2] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.38 on revenues of $123.45 million, and for the current fiscal year, it is $1.85 on revenues of $520.39 million [7] - The estimate revisions trend for Thermon Group was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Market Performance - Thermon Group shares have lost about 1.9% since the beginning of the year, while the S&P 500 has gained 7.9% [3] - The outlook for the industry, specifically the Instruments - Control sector, is currently in the top 12% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

Core Insights - Figma is set to begin trading on the New York Stock Exchange, marking one of the most anticipated IPOs of 2025 with shares priced at $33 each, above the previously announced range [1][2] - The IPO is significantly oversubscribed, with demand for shares being 40 times the number of shares available for sale, indicating strong investor interest [1] - The final offering raised $1.2 billion, primarily benefiting existing shareholders who are selling approximately twice as many shares as the company itself [2] - The IPO values Figma at $19.3 billion, close to the $20 billion valuation that Adobe would have paid before its acquisition attempt fell through in 2023 due to regulatory pressures [3] Summary by Sections IPO Details - Figma's shares are priced at $33, which is higher than the initial expected range of $30 to $32, and up from a previous range of $25 to $28 [2] - The offering raised a total of $1.2 billion, with a significant portion going to existing shareholders [2] Market Valuation - The IPO price establishes Figma's market valuation at $19.3 billion, which is near the valuation Adobe aimed for in its failed acquisition attempt [3] Demand and Oversubscription - The IPO is reported to be 40 times oversubscribed, reflecting a high level of demand for Figma's shares [1]

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range. The company's stock will debut on the New York Stock Exchange under the ticker symbol "FIG" on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders. Figma is aiming to take advantage of a pu ...

IPO Overview - Figma 预计首次公开募股估值约为 200 亿美元，是 2021 年以来最大的企业软件交易 [1] - 尽管 Figma 的基础业务表现出色，但行业对其估值过高持谨慎态度 [2] Business and Product - Figma 的设计软件应用广泛，被用于 Google Maps、Uber、Netflix 和 LinkedIn 等产品设计 [3] - Figma 拥有财富 500 强企业 95% 的客户 [4] - Figma 提供一整套软件，方便客户设计应用程序和网站，Adobe 曾试图收购该公司 [4] Financial Performance - Figma 去年收入增长 48%，今年第一季度降至 46%，第二季度在 39%-41% 之间 [5] - Figma 拥有超过 10500 个客户，年度经常性收入超过 1 万美元 [5] - Figma 拥有 963 个客户，年度经常性收入超过 10 万美元 [5] - 客户数量和年度经常性收入均同比增长 [5]

Company Performance - Autodesk (ADSK) stock closed at $299.43, reflecting a +1.45% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.06% [1] - Over the past month, Autodesk shares have depreciated by 1.92%, underperforming the Computer and Technology sector's gain of 9.6% and the S&P 500's gain of 5.88% [1] Upcoming Financial Results - Autodesk is expected to report EPS of $2.44, which represents a 13.49% increase from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $1.73 billion, up 14.65% from the year-ago period [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $9.64 per share and revenue of $6.97 billion, indicating changes of +13.81% and +13.67%, respectively, compared to the previous year [3] - Recent revisions to analyst forecasts for Autodesk are important as they reflect evolving short-term business trends, with positive revisions indicating analyst optimism [3] Valuation Metrics - Autodesk has a Forward P/E ratio of 30.62, which is a premium compared to the industry average Forward P/E of 29.18 [6] - The company has a PEG ratio of 1.94, compared to the Internet - Software industry's average PEG ratio of 2.18 [6] Industry Context - The Internet - Software industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 77, placing it in the top 32% of all 250+ industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Company Overview - Figma, a design software company, has published an updated prospectus for its initial public offering (IPO) [1] - The company plans to sell approximately 37 million shares at a price range of $25 to $28 each, potentially generating up to $1 billion in proceeds [1] Valuation Insights - The IPO could result in a fully diluted valuation for Figma between $14.6 billion and $16.4 billion [2] - Co-founder Dylan Field intends to sell 2.35 million shares, which could be valued at as much as $65.8 million [2] - In a 2024 tender offer, investors valued Figma at $12.5 billion, while Adobe previously agreed to acquire the company for $20 billion in 2022 before the deal was halted by regulatory objections [2] Industry Context - The flow of technology companies going public in the U.S. has slowed since late 2021 due to concerns over inflation and recession, leading to decreased investor interest in fast-growing but unprofitable companies [3] - Despite the slowdown, some technology stocks have recently gone public, including CoreWeave in March and Circle and Chime in June [3]

Core Viewpoint - Autodesk (ADSK) is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended April 2025, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for release on May 22, 2025, and could lead to a stock price increase if the results exceed expectations, while a miss could result in a decline [2]. - The consensus estimate for Autodesk's quarterly earnings is $2.14 per share, reflecting a year-over-year increase of +14.4%, with revenues projected at $1.61 billion, up 13.4% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.08% over the last 30 days, indicating a reassessment by analysts [4]. - The Zacks Earnings ESP model suggests that the Most Accurate Estimate is higher than the consensus, resulting in a positive Earnings ESP of +0.05%, indicating a likelihood of beating the consensus EPS estimate [10][11]. Earnings Surprise History - Autodesk has a history of exceeding consensus EPS estimates, having beaten expectations in the last four quarters, including a +7.51% surprise in the most recent quarter [12][13]. Industry Comparison - Domo (DOMO), another player in the Zacks Internet - Software industry, is expected to report earnings of $0.20 per share for the same quarter, representing a year-over-year change of +39.4%, but with a projected revenue decline of 2.8% [17]. - Domo's consensus EPS estimate has been revised down by 2.4% in the last 30 days, resulting in a negative Earnings ESP of -2.50%, making it challenging to predict a beat against the consensus [18].

Group 1: Company Performance - Autodesk's stock closed at $293.20, reflecting a +1.99% change from the previous day, underperforming compared to the S&P 500's gain of 3.26% [1] - Over the past month, Autodesk shares have increased by 11.23%, while the Computer and Technology sector gained 4.76% and the S&P 500 gained 3.78% [1] Group 2: Earnings Projections - Autodesk is set to release its earnings report on May 22, 2025, with projected earnings of $2.14 per share, indicating a year-over-year growth of 14.44% [2] - The consensus estimate for quarterly revenue is $1.61 billion, which represents a 13.39% increase from the same period last year [2] - For the full year, analysts expect earnings of $9.48 per share and revenue of $6.92 billion, marking changes of +11.92% and +12.84% respectively from the previous year [3] Group 3: Analyst Estimates and Valuation - Changes in analyst estimates for Autodesk are crucial as they reflect near-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Autodesk as 3 (Hold), with the consensus EPS estimate moving 0.5% lower over the last 30 days [6] - Autodesk's Forward P/E ratio stands at 30.32, which is a premium compared to the industry's average Forward P/E of 28.5 [7] - The company has a PEG ratio of 1.96, which is lower than the Internet - Software industry's average PEG ratio of 2.23 [8] Group 4: Industry Context - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 94, placing it in the top 39% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

Company Performance - Autodesk closed the latest trading day at $272.89, reflecting a +0.52% change from the previous session, which lagged behind the S&P 500's gain of 0.58% [1] - Over the past month, Autodesk shares gained 3.69%, outperforming the Computer and Technology sector's gain of 0.6% and the S&P 500's loss of 0.84% [1] Upcoming Financial Results - Autodesk is expected to report an EPS of $2.14, representing a 14.44% increase compared to the same quarter last year, with anticipated revenue of $1.61 billion, indicating a 13.39% rise [2] - For the entire fiscal year, earnings are projected at $9.48 per share and revenue at $6.92 billion, reflecting changes of +11.92% and +12.84% respectively from the prior year [3] Analyst Estimates and Valuation - Recent changes to analyst estimates indicate a positive outlook for Autodesk's business operations and profit generation [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Autodesk at 3 (Hold), with the consensus EPS estimate moving 0.44% lower over the past month [6] - Autodesk is trading at a Forward P/E ratio of 28.63, which is a premium compared to the industry average of 25.98, and has a PEG ratio of 1.85, below the Internet - Software industry's average of 2.2 [7] Industry Context - The Internet - Software industry is part of the Computer and Technology sector, which has a Zacks Industry Rank of 143, placing it in the bottom 43% of over 250 industries [8]