Autodesk Inc Q1 Earnings Beat Estimates: EPS $2.99
Autodesk Inc Reports Q1 Earnings Beat
Autodesk Inc (ADSK) reported adjusted earnings of $2.99 per share for the quarter ended April 30, surpassing the $2.84 consensus estimate and up from $2.29 a year ago.
Revenue and Net Income
Revenue rose 18.4% year-over-year to $1.93 billion, beating expectations of $1.89 billion. Net income came in at $491 million.
Stock Performance and Analyst Ratings
Autodesk shares fell 1.0% in the quarter and are down 19.9% year-to-date. The average analyst rating is "buy," with 31 "strong buy" or "buy," 3 "hold," and no "sell" ratings. The median 12-month price target is $325, implying a 27.1% upside.
Estimate Revisions
The mean earnings estimate rose about 6.3% over the last three months, with no negative revisions in the past 30 days.
Impacted Symbols
Symbols affected by this headline and their sentiment signals
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