Autodesk Sees FY24 EPS $7.30-$7.49 Vs $7.28 Est.; Revenue $5.405B-$5.455B Vs $5.41B Est.
Portfolio Pulse from Happy Mohamed
Autodesk has released its FY24 guidance, predicting EPS of $7.30-$7.49, compared to an estimate of $7.28, and revenue of $5.405B-$5.455B, compared to an estimate of $5.41B. The company expects billings to be down 12%-11% and revenue to be up 8%-9%. The GAAP and non-GAAP operating margins are expected to remain flat year over year.
August 23, 2023 | 8:05 pm
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Autodesk's FY24 guidance predicts higher than estimated EPS and revenue. However, billings are expected to decrease while revenue increases, indicating potential challenges in the company's business model.
The higher than estimated EPS and revenue predictions are positive for Autodesk's stock. However, the decrease in billings and increase in revenue could indicate potential challenges in the company's business model, which could impact investor sentiment.
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