Autodesk Rises as Investors Look Toward Its Next Earnings Report

Autodesk shares rose 2.86% to $209 in the latest close, even as the S&P 500 fell 0.25%. The Dow also declined, while the Nasdaq gained 0.24%.

The gain came after a difficult month for the stock. Before the latest session, Autodesk had lost 17.97% over the past month, while the Computer and Technology sector rose 4% and the S&P 500 slipped 0.42%.

Investors are looking ahead to Autodesk’s next earnings report. Zacks consensus estimates put quarterly earnings at $3.07 per share and revenue at $2.13 billion, increases of 14.98% and 14.92%, respectively, from the year-earlier quarter.

For the full year, Zacks projects earnings of $12.64 per share and revenue of $8.32 billion. Those estimates represent year-over-year increases of 21.19% and 15.48%, respectively.

Zacks said its consensus earnings estimate for Autodesk had edged up 0.04% over the past 30 days. The article also reported that the stock had a forward price-to-earnings ratio of 16.08, below the industry average of 18.78.