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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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Autodesk. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.