Autodesk Sees Q3 EPS $1.97-$2.03 Vs $1.92 Est.; Revenue $1.380B-$1.395B Vs $1.38B Est.
Portfolio Pulse from Happy Mohamed
Autodesk has provided its Q3 FY24 guidance, expecting EPS to be between $1.97 and $2.03, which is higher than the estimated $1.92. The company also anticipates revenue to be between $1.380 billion and $1.395 billion, matching the estimated $1.38 billion. The outlook considers the current economic and foreign exchange currency rate environment.
August 23, 2023 | 8:04 pm
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POSITIVE IMPACT
Autodesk's Q3 FY24 guidance exceeds EPS estimates and matches revenue estimates. This could potentially lead to a positive market reaction.
Autodesk's EPS guidance for Q3 FY24 is higher than the market's estimate, which is generally seen as a positive signal by investors. The revenue guidance is in line with estimates, which should not negatively impact the stock. Therefore, the stock price is likely to go up in the short term.
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