Earnings Report: Here’s what to expect from Autodesk Stock Forecast, Price & News (NASDAQ:ADSK)

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Earnings results for Autodesk Stock Forecast, Price & News (NASDAQ:ADSK)

Autodesk, Inc. is expected* to report earnings on 08/25/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.54. The reported EPS for the same quarter last year was $0.29.

Autodesk last released its quarterly earnings results on May 27th, 2020. The software company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $866 million for the quarter, compared to analyst estimates of $867.96 million. Its revenue for the quarter was up 17.7% on a year-over-year basis. Autodesk has generated $1.50 earnings per share over the last year and currently has a price-to-earnings ratio of 183.8. Autodesk has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on Autodesk Stock Forecast, Price & News (NASDAQ:ADSK)

24 Wall Street analysts have issued ratings and price targets for Autodesk in the last 12 months. Their average twelve-month price target is $227.48, predicting that the stock has a possible downside of 9.66%. The high price target for ADSK is $300.00 and the low price target for ADSK is $143.00. There are currently 3 sell ratings, 4 hold ratings and 17 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Autodesk has received a consensus rating of Buy. The company’s average rating score is 2.58, and is based on 17 buy ratings, 4 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $227.48, Autodesk has a forecasted downside of 9.7% from its current price of $251.80. Autodesk has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Autodesk Stock Forecast, Price & News (NASDAQ:ADSK)

Autodesk does not currently pay a dividend. Autodesk does not have a long track record of dividend growth.

Insiders buying/selling: Autodesk Stock Forecast, Price & News (NASDAQ:ADSK)

In the past three months, Autodesk insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,211,108.00 in company stock. Only 0.14% of the stock of Autodesk is held by insiders. 91.84% of the stock of Autodesk is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Autodesk Stock Forecast, Price & News (NASDAQ:ADSK

Earnings for Autodesk are expected to grow by 70.13% in the coming year, from $2.31 to $3.93 per share. The P/E ratio of Autodesk is 183.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Autodesk is 183.80, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 53.65. Autodesk has a PEG Ratio of 2.72. PEG Ratios above 1 indicate that a company could be overvalued.

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