Autodesk Sees Q4 Adj. EPS $1.91-$1.97 vs $2.01 Est., Revenue $1.422B-$1.437B vs $1.43B Est.
Portfolio Pulse from Benzinga Newsdesk
Autodesk provided Q4 adjusted EPS guidance of $1.91-$1.97, below the $2.01 estimate, and revenue guidance of $1.422B-$1.437B, which brackets the $1.43B estimate.
November 21, 2023 | 9:03 pm
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NEGATIVE IMPACT
Autodesk's Q4 adjusted EPS guidance is lower than analysts' expectations, which could lead to negative sentiment among investors and a potential decrease in stock price.
Earnings per share (EPS) is a critical financial metric that influences investor sentiment and stock price. Autodesk's guidance for Q4 adjusted EPS being lower than the estimated $2.01 suggests that the company may not meet market expectations, which typically results in a negative short-term reaction in the stock market. However, the revenue guidance being in line with estimates may offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100