From Nasdaq: 2024-06-07 18:15:04

Autodesk (ADSK) closed at $216.05, up 0.08% from the previous day, outperforming the S&P 500. Its stock lagged behind the Computer and Technology sector, with monthly losses of 1.26%. Analysts project an EPS of $1.78 and revenue of $1.4 billion for the upcoming financial results.

With a Zacks Rank of #2 (Buy), Autodesk estimates have seen positive revisions, potentially indicating strong performance. The company’s Forward P/E ratio of 26.88 is slightly lower than the industry average. The Computer – Software industry, where Autodesk belongs, ranks in the top 25% of all industries.

Zacks experts have identified a little-known chemical company as their top pick for potential explosive growth. Retail investors may see significant returns, given the company’s strong fundamentals and anticipated earnings growth. Investors can access more stock recommendations on Zacks.com.

The author’s views expressed here do not necessarily reflect those of Nasdaq, Inc. For more detailed information on Autodesk and other stock analyses, visit Zacks.com.



Read more at Nasdaq: Autodesk (ADSK) Advances While Market Declines: Some Information for Investors