The 10-second takeaway
For the quarter ended April 30 (Q1), Autodesk met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.
Margins grew across the board.
Autodesk tallied revenue of $588.6 million. The 18 analysts polled by S&P Capital IQ looked for net sales of $586 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $528.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The 22 earnings estimates compiled by S&P Capital IQ anticipated $0.47 per share. GAAP EPS of $0.34 for Q1 were 17% higher than the prior-year quarter's $0.29 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 90.0%, 30 basis points better than the prior-year quarter. Operating margin was 16.0%, 110 basis points better than the prior-year quarter. Net margin was 13.4%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $596.8 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $2.44 billion. The average EPS estimate is $2.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 734 members rating the stock outperform and 59 members rating it underperform. Among 242 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give Autodesk a green thumbs-up, and six 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 $43.03.
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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. 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.