The 10-second takeaway
For the quarter ended Jan. 31 (Q4), Autodesk beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins expanded, net margins expanded.
Autodesk reported revenue of $592.4 million. The 17 analysts polled by S&P Capital IQ predicted net sales of $583.9 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $527.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.46. The 19 earnings estimates compiled by S&P Capital IQ anticipated $0.45 per share on the same basis. GAAP EPS of $0.31 for Q4 were 19% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 90.3%, 50 basis points worse than the prior-year quarter. Operating margin was 15.5%, 160 basis points better than the prior-year quarter. Net margin was 12.2%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $583.5 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $2.44 billion. The average EPS estimate is $2.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 749 members out of 809 rating the stock outperform, and 60 members rating it underperform. Among 275 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 268 give Autodesk a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Autodesk is outperform, with an average price target of $39.79.
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