Autodesk (NASDAQ:ADSK) Issues FY 2027 Earnings Guidance

Key Points

• Autodesk issued FY 2027 guidance above analyst expectations, forecasting EPS of $12.52–$12.60 versus the $12.02 consensus and revenue of $8.6–$8.7 billion versus $8.2 billion expected. Q3 EPS guidance was set at $3.04–$3.09.
• The company’s latest quarter also exceeded estimates, with EPS of $3.30 and revenue of $2.05 billion, compared with analyst expectations of $3.12 and $2.01 billion, respectively.
• Autodesk shares rose to $270.58 in midday trading, while analysts maintained a “Moderate Buy” consensus and an average price target of $321.65. Insiders purchased 7,935 shares worth about $1.67 million over the past three months.

Autodesk (NASDAQ:ADSK - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 12.520-12.600 for the period, compared to the consensus estimate of 12.020. The company issued revenue guidance of $8.6 billion-$8.7 billion, compared to the consensus revenue estimate of $8.2 billion. Autodesk also updated its Q3 2027 guidance to 3.040-3.090 EPS.

Autodesk Stock Performance

Shares of ADSK traded up $15.81 during midday trading on Thursday, hitting $270.58. 3,686,968 shares of the stock traded hands, compared to its average volume of 2,303,928. The business's 50 day moving average price is $223.06 and its two-hundred day moving average price is $231.87. The firm has a market capitalization of $57.09 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk has a 1-year low of $185.50 and a 1-year high of $329.09.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.12 by $0.18. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. Equities research analysts predict that Autodesk will post 9.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ADSK shares. BMO Capital Markets decreased their price objective on Autodesk from $279.00 to $262.00 and set a "market perform" rating for the company in a report on Friday, May 29th. Guggenheim increased their target price on shares of Autodesk from $245.00 to $277.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Loop Capital lowered their target price on shares of Autodesk from $250.00 to $235.00 and set a "hold" rating on the stock in a research note on Friday, May 29th. Zacks Research downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Finally, Weiss Ratings cut shares of Autodesk from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.65.

Insider Buying and Selling

In other news, EVP Janesh Moorjani bought 2,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the purchase, the executive vice president owned 50,993 shares of the company's stock, valued at $10,079,786.31. This represents a 5.16% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stacy J. Smith bought 3,435 shares of the company's stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average price of $231.17 per share, for a total transaction of $794,068.95. Following the acquisition, the director directly owned 26,517 shares in the company, valued at approximately $6,129,934.89. This trade represents a 14.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 7,935 shares of company stock valued at $1,666,644. Company insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On Autodesk

Several hedge funds and other institutional investors have recently modified their holdings of ADSK. Calydon Capital grew its stake in shares of Autodesk by 1.7% during the 4th quarter. Calydon Capital now owns 2,726 shares of the software company's stock valued at $807,000 after purchasing an additional 45 shares during the period. Sunbelt Securities Inc. increased its position in shares of Autodesk by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,029 shares of the software company's stock valued at $327,000 after purchasing an additional 52 shares during the last quarter. L2 Asset Management LLC lifted its stake in shares of Autodesk by 6.2% in the 4th quarter. L2 Asset Management LLC now owns 1,108 shares of the software company's stock worth $328,000 after purchasing an additional 65 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Autodesk by 2.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,974 shares of the software company's stock worth $921,000 after purchasing an additional 68 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Autodesk by 2.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,821 shares of the software company's stock worth $835,000 after buying an additional 74 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Autodesk Company Profile

Autodesk, Inc NASDAQ: ADSK is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company's product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

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