Autodesk (ADSK) closed higher than S&P 500, projected positive earnings report.

From Nasdaq: 2024-05-31 18:15:06

Autodesk (ADSK) closed at $201.60, up 0.84% from the previous day, surpassing the S&P 500’s 0.8% gain. Analysts project EPS of $1.75 and revenue of $1.39 billion for the upcoming earnings report, indicating a positive outlook. Autodesk’s Forward P/E ratio of 24.96 and PEG ratio of 1.84 suggests potential undervaluation compared to its industry. Additionally, the Zacks Rank of #3 (Hold) reflects moderate expectations for the stock.

Investors anticipate Autodesk’s earnings report, with projections showing positive growth in both EPS and revenue. Recent analyst revisions in estimates indicate a bullish sentiment towards the company, with potential implications for stock price performance. With a Zacks Rank of #3 (Hold), Autodesk remains an interesting stock to watch for upcoming trading sessions. The Computer – Software industry, to which Autodesk belongs, shows promising signs with a current Zacks Industry Rank of 43, placing it in the top 18% of all industries.

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Read more at Nasdaq: Autodesk (ADSK) Surpasses Market Returns: Some Facts Worth Knowing