Autodesk (ADSK) Prepares for Fourth Quarter Earnings Report
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Autodesk Primed for Q4 Financial Results
Autodesk, Inc (NASDAQ: ADSK) is gearing up to announce its financial results for the fourth quarter, drawing attention from investors and analysts alike. This reveals trends and potential growth within the company in a time of significant market fluctuations.
Analysts Anticipate Earnings Growth
Experts forecast that Autodesk will report quarterly earnings of approximately $2.14 per share, marking an increase from $2.09 per share compared to the same period last year. This growth illustrates Autodesk's resilience and ability to adapt to changing market conditions.
Quarterly Revenue Predictions
When it comes to revenue, Autodesk is projecting a solid figure of $1.63 billion for the quarter, showcasing a rise from the $1.47 billion recorded in the previous year. This upward trajectory in revenue highlights the company's ongoing efforts to innovate and expand its market presence.
Full-Year Outlook and Projections
In a previous announcement, Autodesk indicated that it expects its total revenue for the year to range between $6.12 billion and $6.13 billion. They also anticipate earnings within the interval of $8.29 to $8.35 per share. These numbers emphasize Autodesk’s strategic planning and market confidence.
Recent Stock Performance
As of the latest reports, Autodesk's share price saw a slight increase of 0.7%, closing at $285.67 at the end of the trading day. This modest gain can reflect market confidence in the company's upcoming financial reports and overall stability amidst broader economic challenges.
What Analysts Say About Autodesk Stock
Several analysts have shared their perspectives on Autodesk's stock performance, further guiding investors in making informed decisions. Notably:
- Rosenblatt analyst Blair Abernethy has maintained a Buy rating and set a price target of $325.
- Baird analyst Joe Vruwink upgraded their rating to Outperform, increasing the price target from $330 to $345.
- Stifel analyst Adam Borg, also maintaining a Buy rating, raised the price target from $340 to $360.
- Citigroup analyst Tyler Radke reiterated a Buy rating, upping their price target from $358 to $361.
- Conversely, HSBC analyst Stephen Bersey downgraded Autodesk's stock from Buy to Hold, with a new price target of $290.
Insights for Potential Investors
For those considering investing in ADSK stock, these analyst ratings provide valuable insight into the stock's performance and future prospects. Analysts' predictions indicate both optimism and caution, showcasing a balanced view of the company's potential.
Frequently Asked Questions
What are Autodesk's expected earnings for Q4?
Experts estimate that Autodesk will report quarterly earnings of approximately $2.14 per share.
How much revenue is Autodesk predicting for Q4?
Autodesk projects a quarterly revenue of $1.63 billion for Q4.
What is the current stock price of Autodesk?
As of the last report, Autodesk's stock closed at $285.67.
What do analysts think about Autodesk stock?
Analysts hold a range of opinions, with most maintaining a bullish outlook, while one analyst downgraded the stock to Hold.
What has Autodesk projected for full-year revenue?
Autodesk anticipates its full-year revenue will be between $6.12 billion and $6.13 billion.
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