Autodesk Inc reports results for the quarter ended July 31 - Earnings Summary

• Autodesk Inc ADSK.OQ reported quarterly adjusted earnings of $2.62​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of $2.15. The mean expectation of twenty four analysts for the quarter was for earnings of $2.45 per share. Wall Street expected results to range from $2.35 to $2.48 per share.

• Revenue rose 17.1% to $1.76 billion from a year ago; analysts expected $1.72 billion.

• Autodesk Inc's reported EPS for the quarter was $1.46​.

• The company reported quarterly net income of $313 million.

• Autodesk Inc shares had fallen by 7.6% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 24 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Autodesk Inc is $350.00, about 17.6% above its last closing price of $288.49

This summary was machine generated from LSEG data August 29 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)