What is William Blair's Forecast for Autodesk Q3 Earnings?

Autodesk, Inc. (NASDAQ:ADSK - Free Report) - Research analysts at William Blair reduced their Q3 2026 earnings per share (EPS) estimates for Autodesk in a report released on Wednesday, November 27th. William Blair analyst D. Becker now forecasts that the software company will post earnings per share of $1.66 for the quarter, down from their prior estimate of $1.67. The consensus estimate for Autodesk's current full-year earnings is $5.79 per share.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Autodesk's revenue was up 11.0% on a year-over-year basis.

A number of other research analysts have also recently commented on ADSK. Royal Bank of Canada increased their target price on Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Scotiabank started coverage on Autodesk in a research report on Monday, November 18th. They set a "sector outperform" rating and a $360.00 price objective on the stock. KeyCorp boosted their target price on Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Bank of America increased their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Finally, Morgan Stanley boosted their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $316.68.

Autodesk Price Performance

Shares of NASDAQ:ADSK traded up $4.75 during trading on Monday, reaching $296.65. The company had a trading volume of 2,072,915 shares, compared to its average volume of 1,595,610. Autodesk has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $63.78 billion, a P/E ratio of 58.86, a price-to-earnings-growth ratio of 3.73 and a beta of 1.47. The company has a fifty day moving average of $289.93 and a two-hundred day moving average of $258.15.

Hedge Funds Weigh In On Autodesk

Several large investors have recently modified their holdings of the stock. Marshall Financial Group LLC boosted its stake in shares of Autodesk by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company's stock worth $1,237,000 after purchasing an additional 35 shares during the period. Avitas Wealth Management LLC lifted its stake in Autodesk by 0.8% in the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company's stock worth $1,536,000 after purchasing an additional 42 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Autodesk by 1.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company's stock valued at $959,000 after buying an additional 44 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Autodesk by 28.9% during the third quarter. Meeder Asset Management Inc. now owns 196 shares of the software company's stock valued at $54,000 after buying an additional 44 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company's stock worth $228,000 after buying an additional 45 shares during the period. Institutional investors own 90.24% of the company's stock.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,936 shares of company stock valued at $549,333. 0.14% of the stock is owned by company insiders.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.