Autodesk (NASDAQ: ADSK) delivered better-than-expected results for Q1 FY2025, reporting adjusted earnings of $2.29 per share, surpassing the Zacks Consensus Estimate of $2.14. This also marks a year-over-year increase from $1.87 per share in the same quarter last year. The result reflects an earnings surprise of 7.01%.
Revenue also came in ahead of expectations, reaching $1.63 billion—up from $1.42 billion a year ago—beating the consensus estimate by 1.64%. This quarter continues Autodesk’s streak, having exceeded both earnings and revenue estimates for the fourth consecutive time.
Despite the strong performance, Autodesk shares are down around 0.9% year-to-date, slightly underperforming the S&P 500’s 0.6% decline. The future stock movement will largely hinge on management’s commentary and revised guidance following the earnings call.
Looking ahead, investor focus shifts to Autodesk’s earnings outlook. The current consensus projects earnings of $2.34 per share on $1.7 billion in revenue for the next quarter and $9.48 EPS on $6.92 billion in revenue for the fiscal year. However, the stock currently holds a Zacks Rank #3 (Hold), indicating it may perform in line with the broader market in the near term.
In related industry news, UiPath (NYSE: PATH), another software firm in the automation space, is expected to report its Q1 results on May 29. Analysts predict earnings of $0.10 per share, reflecting a 23.1% decline from last year, with revenue projected at $332.33 million—a slight dip from the year-ago quarter.
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News Source: Finance.yahoo.com
