Autodesk First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Autodesk, Inc. (NASDAQ:ADSK) will unveil its latest earnings on Thursday, May 17, 2012. Autodesk is a design software and services company, offering progressive business solutions to customers in the architecture, engineering and construction, manufacturing, and digital media and entertainment industries.

Autodesk, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 39 cents per share, a rise of 21.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 38 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 39 cents during the last month. Analysts are projecting profit to rise by 20% versus last year to $1.68.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 36 cents per share versus a mean estimate of net income of 38 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 11% in revenue from the year-earlier quarter to $586.2 million.

Analyst Ratings: nine out of 17 analysts surveyed (52.9%) have a buy rating on Autodesk. This falls under the mean analyst rating of 10 competitors, which average 68.2% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 16.9% to $72 million (31 cents a share) from $61.6 million (26 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 12.3% to $592.4 million from $527.7 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 13.6%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 15.5% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 35.8% in the third quarter of the last fiscal year and 18.9% in the second quarter of the last fiscal year.

Stock Price Performance: Between April 13, 2012 and May 11, 2012, the stock price dropped $5 (-12.1%), from $41.25 to $36.25. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 10.1% (+$3.70) over that span. It saw one of its worst periods between May 31, 2011 and June 13, 2011 when shares fell for 10 straight days, dropping 12.6% (-$5.42) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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