Autodesk (ADSK) Tops Q3 EPS by 7c, Offers Guidance

Go back to Autodesk (ADSK) Tops Q3 EPS by 7c, Offers Guidance

Autodesk (ADSK) Shares Plunge 14% on Lowered Guidance, Analysts Lower PTs

November 24, 2021 8:29 AM EST

Shares of Autodesk (NASDAQ: ADSK) are down nearly 14% in pre-open Wednesday after the company reported mixed Q3 earnings and guidance.

Autodesk reported Q3 EPS of $1.33 to beat the analyst estimate of $1.26. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.12 billion.

For this quarter, Autodesk is calling for EPS of $1.41 to $1.47, with the midpoint of $1.44 coming in lower than the consensus of $1.46. Autodesk sees Q4 revenue of $1.185 to $1.2... More

Autodesk (ADSK) PT Lowered to $310 at Stifel

November 24, 2021 7:16 AM EST

Stifel analyst Adam Borg lowered the price target on Autodesk (NASDAQ: ADSK) to $310.00 (from $365.00) while maintaining a Buy rating.

The analyst commented, "Autodesk fell (-14%) in AH-trading, as it missed consensus billings/FCF expectations and lowered the midpoint of FY22 billings/FCF... More

Autodesk (ADSK) PT Lowered to $340 at Rosenblatt

November 24, 2021 6:57 AM EST

Rosenblatt analyst Blair Abernethy lowered the price target on Autodesk (NASDAQ: ADSK) to $340.00 (from $355.00) while maintaining a Buy rating.

The analyst commented, "Autodesk reported Q3 FY22 results (Tuesday after market close) that were largely in-line with our revenue and margin expectations, with RPO... More