We provide the latest news
from the world of economics and financeAutodesk ADSK shares have surged 19.1% over the past six months, outperforming the Zacks Computer and Technology sector’s appreciation of 3.7% and the Zacks Computer – Software industry’s decline of 1.1%.
ADSK has also outperformed industry peers like Cadence Design Systems CDNS, Adobe ADBE and Simulations Plus SLP, which have lost 3.7%, 24.8% and 31.7%, respectively, over the same time frame.
ADSK shares are riding on strong market expansion, robust AI-driven innovations and improving customer satisfaction.
ADSK is using its expertise in granular data in the cloud, data models and API connectivity to strengthen its ecosystem and expand market opportunities. It is heavily investing in AI capabilities like automation and data modeling to strengthen its market position.
ADSK is tapping into long-term growth markets like construction, manufacturing and media & entertainment industries with its product categories like AEC (Architecture, Engineering and Construction), AutoCAD and Fusion 360.
To enhance operational efficiency and customer satisfaction, Autodesk has transitioned from subscription-based models to consumption and a self-service approach. Its direct billing initiatives optimize sales processes while also fostering stronger customer relationships.
The Zacks Consensus Estimate for ADSK’s fiscal 2025 earnings is currently pegged at $8.31 per share, unchanged over the past 30 days, and indicating 9.34% growth on a year-over-year basis.
The consensus mark for fiscal 2025 revenues is pegged at $6.12 billion, indicating year-over-year growth of 11.35%.
The Zacks Consensus Estimate for ADSK’s fiscal 2026 earnings is currently pegged at $9.28 per share, unchanged over the past 30 days, and indicating year-over-year growth of 11.64%.
The consensus mark for fiscal 2026 revenues is pegged at $6.91 billion, indicating year-over-year growth of 12.90%.
ADSK beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 5.65%.
Autodesk, Inc. price-consensus-chart | Autodesk, Inc. Quote
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
ADSK’s strategic investments in AI innovation, market expansion and operational efficiency, along with strong growth prospects, make the stock a compelling buy.
ADSK currently has a Zacks Rank #2 (Buy), which suggests that it may be wise for investors to start accumulating the stock now. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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
Adobe Inc. (ADBE) : Free Stock Analysis Report
Simulations Plus, Inc. (SLP) : Free Stock Analysis Report
Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.