Autodesk, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Autodesk, Inc. (NASDAQ:ADSK) will unveil its latest earnings on Thursday, August 18, 2011. Autodesk, Inc. 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.

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Autodesk, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 34 cents per share, a rise of 13.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 35 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 34 cents during the last month. For the year, analysts are projecting profit of $1.40 per share, a rise of 42.9% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported net income of 32 cents per share versus a mean estimate of 31 cents. Two quarters ago, it reported profit of 27 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $539.3 million in revenue this quarter, a rise of 14.1% from the year ago quarter. Analysts are forecasting total revenue of $2.19 billion for the year, a rise of 12.3% from last year’s revenue of $1.95 billion.

Analyst Ratings: 10 out of 19 analysts surveyed (52.6%) have a buy rating on Autodesk.. This is below the mean analyst rating of 10 competitors, which average 74.2% buy ratings.

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 13.8%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 15.7% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 87.8% while it rose 23% in the fourth quarter of the last fiscal year and 81.7% in the third quarter of the last fiscal year.

Competitors to Watch: Parametric Technology (NASDAQ:PMTC), ANSYS, Inc. (NASDAQ:ANSS), Adobe Systems Incorporated (NASDAQ:ADBE), Cimatron Ltd. (NASDAQ:CIMT), Synopsys, Inc. (NASDAQ:SNPS), Mentor Graphics Corp. (NASDAQ:MENT), Oracle Corporation (NASDAQ:ORCL), Google Inc. (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT).

Stock Price Performance: During May 18, 2011 to August 12, 2011, the stock price had fallen $15.10 (-34.1%) from $44.28 to $29.18. 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, rising 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, falling 12.6% (-$5.42) over that span. Shares are down $9.02 (-23.6%) year to date.

(Source: Xignite Financials)

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