Market News

Autodesk Plunges on Soft Guidance

Shares of Autodesk (NASDAQ:ADSK) plunged today after it reported earnings for its fourth quarter of Fiscal Year 2023. Adjusted earnings per share came in at $1.86, which beat analysts’ consensus estimate of $1.81 per share.

Sales increased by 9.1% year-over-year, with revenue hitting $1.32 billion. This was roughly $10 million above expectations.

Looking forward, management now expects revenue and adjusted EPS for Fiscal Year 2024 to be in the ranges of $5.355 billion to $5.455 billion and $6.98 to $7.32, respectively. For reference, analysts were expecting $5.46 billion in revenue and an EPS figure of $7.32.

Overall, Wall Street analysts have a consensus price target of $243.43 on ADSK stock, implying over 23% upside potential, as indicated by the graphic above.


Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More