Advertisement
Canada markets open in 1 hour 30 minutes

  • S&P/TSX

    21,587.88
    -51.22 (-0.24%)
     

  • S&P 500

    5,473.23
    +41.63 (+0.77%)
     

  • DOW

    38,778.10
    +188.94 (+0.49%)
     

  • CAD/USD

    0.7271
    -0.0018 (-0.25%)
     

  • CRUDE OIL

    80.40
    +0.07 (+0.09%)
     

  • Bitcoin CAD

    89,933.16
    -501.38 (-0.55%)
     

  • CMC Crypto 200

    1,354.64
    -34.76 (-2.50%)
     

  • GOLD FUTURES

    2,327.10
    -1.90 (-0.08%)
     

  • RUSSELL 2000

    2,022.01
    +15.85 (+0.79%)
     

  • 10-Yr Bond

    4.2790
    +0.0660 (+1.57%)
     

  • NASDAQ futures

    19,944.50
    +23.25 (+0.12%)
     

  • VOLATILITY

    12.71
    -0.04 (-0.31%)
     

  • FTSE

    8,170.94
    +28.79 (+0.35%)
     

  • NIKKEI 225

    38,482.11
    +379.67 (+1.00%)
     

  • CAD/EUR

    0.6783
    -0.0004 (-0.06%)
     

Autodesk (ADSK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2 min read

For the quarter ended April 2024, Autodesk (ADSK) reported revenue of $1.42 billion, up 11.7% over the same period last year. EPS came in at $1.87, compared to $1.55 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of +1.46%. The company delivered an EPS surprise of +5.06%, with the consensus EPS estimate being $1.78.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Autodesk performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Billings: $1.11 billion versus $1.26 billion estimated by five analysts on average.

  • Net Revenue- Total subscription and maintenance revenue: $1.34 billion versus $1.33 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.1% change.

  • Net Revenue- Subscription: $1.33 billion versus $1.32 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.

  • Net Revenue- Other: $76 million versus the six-analyst average estimate of $66.66 million. The reported number represents a year-over-year change of +22.6%.

  • Net Revenue- Maintenance: $11 million versus the six-analyst average estimate of $12.47 million. The reported number represents a year-over-year change of -21.4%.

  • Net revenue by product family- M&E (Media and Entertainment): $71 million compared to the $72.63 million average estimate based on two analysts. The reported number represents a change of 0% year over year.

View all Key Company Metrics for Autodesk here>>>

Shares of Autodesk have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Autodesk, Inc. (ADSK) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research