Autodesk, Inc. (NASDAQ:ADSK) developer of software and services, is reporting second quarter earnings results on Tuesday 25th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.90 per share from $ 899.25 million in revenue.
For the full year, analysts predict revenues of $ 3729.35 million, while looking forward to income of $ 3.78 per share.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 890.00 million ~ $ 905.00 million
Full Year 2021 topline are forecasted in a range of$ 3,675.00 million ~ $ 3,775.00 million, where as bottomline are predicted in a range of $ 3.52 ~ $ 3.90 per share
Click Here For More Historical Outlooks Of Autodesk, Inc.
Previous Quarter Performance
Autodesk, Inc. revealed income for the first quarter of $ 0.85 per share, from the revenue of $ 885.70 million. The quarterly earnings 88.89 percent compared with the same quarter last year. The consensus estimates are income of $ 0.81 per share from $ 879.24 million in revenue. The bottom line results beat street analysts by $ 0.04 or 4.94 percent, at the same time, top line results outshined analysts by $ 6.46 million or 0.73 percent.
Stock Performance
Shares of Autodesk, Inc. traded high $ 3.53 or 1.42 percent on Monday, reaching $ 251.80 with volume of 1.23 million shares. Autodesk, Inc. has traded high as $ 253.23 and has cracked $ 249.66 on the downward trend
According to the previous trading day, closing price of $ 251.80, representing a 98.01 % increase from the 52 week low of $ 125.38 and a 1.96 % decrease over the 52 week high of $ 253.23.
The company has a market capital of $ 55.19 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 5th August 2020, maintained by Deutsche Bank at Buy rating, with $ 250.00 target price.
- On 9th July 2020, upgraded by Oppenheimer to Outperform from Perform rating.
- On 7th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 235.00 target price.
Conference Call
Autodesk, Inc. will be hosting a conference call at 5:00 PM eastern time on 25th August 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/oc4aaxwf
Autodesk, Inc. operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
