Autodesk, Inc. (ADSK) : Earnings Whisper

Autodesk, Inc. (ADSK) is scheduled to release its fiscal 2016 second quarter earnings results after the market close on Thursday. Wall Street analysts are on average expecting ADSK to post $612.13 million in sales during the quarter. This would show a 5.39% increase from the Q1/16 revenue of $647 million and an increase of 3.92% from the same period in Q1/15. EPS are expected to come in at $0.17, a decline rate of 51.43% from $0.35 per share a year earlier. Meanwhile, reports a Q216 whisper number of $0.17 per share.

As a quick reminder, ADSK reported Q116 EPS of $0.30 or $0.02 better than the Street’s consensus estimate. Revs increased 9.11% year-over-year to $647 million versus the $636.56 million consensus.

Autodesk shares are trading this morning at $49.51, up 1.99% from the prior days close of $49.13. On a pre-market basis it has gotten as low as $48.20 and as high as $49.56.

Autodesk Inc. shares are priced at 158.48x this year’s forecasted earnings, compared to the industry’s 2.01x earnings multiple. The company’s current year and next year EPS growth estimates stand at (11.1%) and (35.6%) compared to the industry growth rates of 17.10% and 24.30%, respectively. ADSK has a t-12 price-to-sales ratio of 4.27. EPS for the same period registers at $0.31.

ADSK shares have declined 3.46% in the last 4 weeks and 9.94% in the past three months. Over the past 5 trading sessions the stock has lost 9.55%.

The San Rafael, California-based company, which is currently valued at $11.18 billion, has a median Wall Street price target of $70.00 with a high target of $81.00.

Autodesk Inc. is down 9.42% year-over-year, compared with a 2.82% loss in the S&P 500.

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