3D design software company Autodesk (NASDAQ: ADSK) will be reporting earnings this Thursday after the bell. Here’s what to look for.
Autodesk beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $1.63 billion, up 15.2% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.
Is Autodesk a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Autodesk’s revenue to grow 14.5% year on year to $1.72 billion, improving from the 11.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.45 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Autodesk has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.2% on average.
Looking at Autodesk’s peers in the design software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PTC delivered year-on-year revenue growth of 24.2%, beating analysts’ expectations by 10.4%, and Cadence Design Systems reported revenues up 20.2%, topping estimates by 1.8%. PTC traded up 5.7% following the results while Cadence Design Systems was also up 9.8%.
Read our full analysis of PTC’s results here and Cadence Design Systems’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the design software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.1% on average over the last month. Autodesk is down 6.9% during the same time and is heading into earnings with an average analyst price target of $342.07 (compared to the current share price of $283.35).
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