Autodesk (NASDAQ:ADSK) Issues Q3 2027 Earnings Guidance

Autodesk (NASDAQ:ADSK) issued an update on its third quarter 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 3.040-3.090 for the period, compared to the consensus earnings per share estimate of 2.990. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion. Autodesk also updated its FY 2027 guidance to 12.520-12.600 EPS.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Zacks Research downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Guggenheim set a $283.00 price objective on Autodesk in a research note on Friday. Morgan Stanley decreased their price objective on Autodesk from $350.00 to $315.00 and set an “overweight” rating on the stock in a report on Tuesday, May 26th. The Goldman Sachs Group initiated coverage on Autodesk in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $260.00 target price for the company. Finally, DA Davidson restated a “buy” rating and set a $325.00 target price on shares of Autodesk in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $322.97.

Autodesk Trading Up 6.2%

NASDAQ:ADSK opened at $270.58 on Friday. The company has a fifty day moving average of $224.60 and a 200 day moving average of $232.09. Autodesk has a 52 week low of $185.50 and a 52 week high of $329.09. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $57.09 billion, a P/E ratio of 39.44, a P/E/G ratio of 1.56 and a beta of 1.29.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 27th. The software company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.18. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Autodesk had a net margin of 19.49% and a return on equity of 57.14%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.62 EPS. Autodesk has set its FY 2027 guidance at 12.520-12.600 EPS and its Q3 2027 guidance at 3.040-3.090 EPS. On average, research analysts predict that Autodesk will post 9.7 earnings per share for the current year.

Insider Activity

In other news, Director John T. Cahill bought 2,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $189.20 per share, for a total transaction of $378,400.00. Following the completion of the acquisition, the director owned 4,000 shares in the company, valued at approximately $756,800. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Janesh Moorjani bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $197.67 per share, for a total transaction of $494,175.00. Following the completion of the purchase, the executive vice president directly owned 50,993 shares of the company’s stock, valued at $10,079,786.31. The trade was a 5.16% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Key Stories Impacting Autodesk

Here are the key news stories impacting Autodesk this week:

• Positive Sentiment: Autodesk reported fiscal Q2 revenue of $2.05 billion, up 16% year over year, while adjusted EPS of $3.30 exceeded the $3.12 analyst consensus. The results also reflected continued subscription momentum, with management highlighting growth in connected data, project intelligence and AI-enabled tools. Autodesk fiscal 2027 second-quarter results
• Positive Sentiment: Management raised its fiscal 2027 outlook to adjusted EPS of $12.52-$12.60 and revenue of approximately $8.6-$8.7 billion, above consensus expectations cited in the reports. This suggests confidence in Autodesk’s recurring-revenue model and ongoing demand for its design and engineering software. Autodesk posts strong Q2 results and raises 2027 outlook
• Positive Sentiment: Bank of America reiterated a Buy rating and maintained a $300 price target, citing strong subscription momentum and the company’s growth prospects. Bank of America maintains Autodesk Buy rating
• Neutral Sentiment: Autodesk’s fiscal Q3 revenue forecast was broadly in line with expectations, while the full-year revenue outlook was stronger. However, the guidance profile was uneven, leaving investors focused on the timing of growth and earnings conversion. Why Autodesk stock is dropping after earnings beat
• Negative Sentiment: Fiscal Q3 adjusted EPS guidance of $3.04-$3.09 came in below some Wall Street expectations, prompting the initial selloff despite the quarterly beat. Investors also remain concerned that AI tools could disrupt Autodesk’s software market or increase competitive pressure. Autodesk forecasts quarterly profit below Wall Street estimates

Institutional Investors Weigh In On Autodesk

Large investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Autodesk by 14.5% in the fourth quarter. Brighton Jones LLC now owns 1,162 shares of the software company’s stock valued at $343,000 after acquiring an additional 147 shares in the last quarter. Sivia Capital Partners LLC increased its position in Autodesk by 98.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,472 shares of the software company’s stock valued at $765,000 after purchasing an additional 1,224 shares during the period. Schnieders Capital Management LLC. bought a new position in Autodesk in the 2nd quarter worth $466,000. Baird Financial Group Inc. raised its holdings in Autodesk by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 10,048 shares of the software company’s stock worth $3,111,000 after purchasing an additional 701 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Autodesk by 25.3% in the 2nd quarter. NewEdge Advisors LLC now owns 13,860 shares of the software company’s stock worth $4,291,000 after purchasing an additional 2,795 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Company Profile

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.