Autodesk Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Autodesk, Inc. (NASDAQ:ADSK) will unveil its latest earnings on Tuesday, November 15, 2011. 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 34 cents per share, a rise of 36% 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 36 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 34 cents during the last month. Analysts are projecting profit to rise by 40.8% versus last year to $1.38.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported profit of 35 cents per share against a mean estimate of net income of 34 cents, and the quarter before, the company exceeded forecasts by one cent with profit of 32 cents versus a mean estimate of net income of 31 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 14% in revenue from the year-earlier quarter to $543.3 million.

Analyst Ratings: Analysts are bullish on Autodesk as nine analysts rate it as a buy, none rate it as a sell and nine rate it as a hold.

A Look Back: In the second quarter, profit rose 18.9% to $71.2 million (30 cents a share) from $59.9 million (25 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.5% to $546.3 million from $472.8 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 14.2%, 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 seen net income rise in three straight quarters. Net income rose 87.8% in the first quarter and 23% in the fourth quarter of the last fiscal year.

Competitors to Watch: Parametric Technology (NASDAQ:PMTC), ANSYS, Inc. (NASDAQ:ANSS), Adobe Systems Incorporated (NASDAQ:ADBE), Dassault Systemes S.A. (DASTY), 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 September 14, 2011 to November 9, 2011, the stock price had risen $4.08 (14.3%) from $28.46 to $32.54. 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 $5.66 (-14.8%) year to date.

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

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