Autodesk Earnings Preview
Portfolio Pulse from Benzinga Insights
Autodesk (NASDAQ:ADSK) is set to release its quarterly earnings report on Thursday, 2024-02-29, with analysts expecting an EPS of $1.95. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $256.95, up 27.18% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.
February 28, 2024 | 2:01 pm
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POSITIVE IMPACT
Autodesk is anticipated to report an EPS of $1.95 in its upcoming earnings, with a history of mixed earnings performance. Shares have risen 27.18% over the past year, indicating positive investor sentiment.
Given Autodesk's history of mixed earnings performance and the current positive trend in its stock price, the upcoming earnings report is highly relevant. The expected EPS of $1.95, along with the anticipation of positive guidance for the next quarter, could further bolster investor confidence if met or exceeded. However, it's important to note that past earnings have shown that the stock price can react negatively even to an earnings beat if the guidance is not favorable.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100