Autodesk will report its quarterly earnings on Thursday afternoon, with analysts expecting revenue to grow 14.2% year on year, a slowdown from the 17.1% increase recorded in the same quarter last year. The company beat revenue expectations last quarter with $1.93 billion, up 18.4% year on year, and has a history of exceeding Wall Street's expectations. Analysts have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course. In the design software segment, peers Unity and Cadence Design Systems have already reported strong results, with Unity's revenue up 23.9% and Cadence's up 24.2%. Autodesk shares are up 10.1% over the last month, and the average analyst price target is $314.57, compared to the current share price of $248.77.
Autodesk IncEarnings report upcoming; expected revenue growth but slowdown, with history of beating estimates.
Cadence Design Systems Inc
Unity Software Inc