Autodesk (ADSK, $199.86) Q3 earnings matches expectations
Autodesk posted third-quarter fiscal 2023 non-GAAP earnings of $1.70 per share, in line with the Zacks Consensus Estimate (as reported by Zacks Equity Research). Revenues grew +14% from the year-ago quarter to $1.28 billion, meeting the consensus (according to Zacks Equity Research ). On a constant-currency basis, revenues climbed +15%.
The software company’s subscription revenues (~93% of total revenues) were up +14% year over year (+15% on a constant-currency basis) to $1.19 billion. Maintenance revenues (1% of total revenues) slipped to $16 million from $18 million in the year-ago quarter. Other revenues (6% of total revenues) grew +17% year-over-year to $76 million.
Billings grew +16% year over year in the quarter.
Revenues from the Americas (42% of revenues) increased +17% from the year-ago quarter to $541 million. Revenues from the EMEA (36% of revenues) climbed +10% to $476 million. Revenues from the Asia-Pacific (22% of revenues) were up +14% to $263 million.
For the fourth quarter, Autodesk expects revenues in the range of $1.303 billion to $1.318 billion, and Non-GAAP earnings of $1.77 to $1.83 per share.
For full fiscal year 2023, Autodesk now expects revenues in the range of $4.99 billion to $5.005 billion, compared to prior guidance of $4.985 billion to $5.035 billion. It projects billings to be $5.57 billion to $5.67 billion down from the earlier forecast of $5.705-$5.805 billion.
The company’s Non-GAAP earnings guidance is $6.56 to $6.62 per share, vs. prior outlook of $6.52-$6.71 per share. Free cash flow is now expected to range between $1.9 billion to $1.98 billion, down from the previous guidance of $2.000 billion to $2.080 billion.
ADSK in upward trend: 10-day moving average moved above 50-day moving average on April 30, 2025
The 10-day moving average for ADSK crossed bullishly above the 50-day moving average on April 30, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 17, 2025. You may want to consider a long position or call options on ADSK as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ADSK just turned positive on April 11, 2025. Looking at past instances where ADSK's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
ADSK moved above its 50-day moving average on April 24, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ADSK advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
ADSK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 236 cases where ADSK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for ADSK moved below the 200-day moving average on April 11, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADSK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ADSK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (29.940) is normal, around the industry mean (30.917). P/E Ratio (61.919) is within average values for comparable stocks, (160.020). Projected Growth (PEG Ratio) (1.557) is also within normal values, averaging (2.714). Dividend Yield (0.000) settles around the average of (0.029) among similar stocks. P/S Ratio (10.194) is also within normal values, averaging (59.831).
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General Information
a developer of multimedia software products
Industry PackagedSoftware