Autodesk Q3 Earnings: Adjusted EPS Range $2.48-$2.51

Autodesk expects Q3 adjusted EPS to be between $2.48 and $2.51. The company is a leading producer of digital design and layout software, with net sales primarily coming from design software programs, visualization and animation software programs, and other services. Net sales are distributed geographically across the United States, Americas, Europe/Middle East/Africa, and Asia/Pacific.

Autodesk Inc. (ADSK), a leading producer of digital design and layout software, is set to report its Q3 earnings this Thursday after the bell. The company is expected to post adjusted EPS between $2.48 and $2.51, according to analysts' consensus [1]. This marks a significant beat for the software giant, which has shown strong financial performance in recent quarters.

In Q2, Autodesk reported revenues of $1.76 billion, a 16.6% year-over-year increase, and exceeded analysts' expectations by $40 million [2]. The company's Q2 non-GAAP EPS of $2.62 also beat estimates by $0.17. This quarter, analysts are expecting revenue to grow by 14.5% year-over-year to $1.72 billion, with adjusted earnings projected at $2.45 per share [1].

Autodesk's net sales are primarily derived from design software programs, visualization and animation software programs, and other services. These revenues are distributed geographically across the United States, Americas, Europe/Middle East/Africa, and Asia/Pacific. The company has consistently exceeded Wall Street's revenue estimates over the past two years, with an average beat of 1.2% [1].

Autodesk's peers in the design software segment have also shown strong performance. PTC delivered year-on-year revenue growth of 24.2% in Q2, while Cadence Design Systems reported revenues up 20.2% [1]. Despite this positive performance, the broader design software stocks have underperformed in recent months, with share prices down 5.1% on average over the last month. Autodesk, specifically, has seen a 6.9% decline during this period [1].

Investors will be closely watching Autodesk's Q3 earnings to gauge the company's performance in the face of a challenging market environment. The company's ability to maintain its strong financial performance and navigate potential headwinds will be key indicators for its future prospects.

References:
[1] https://www.tradingview.com/news/stockstory:89788a6a4094b:0-earnings-to-watch-autodesk-adsk-reports-q2-results-tomorrow/
[2] https://seekingalpha.com/news/4490192-autodesk-non-gaap-eps-of-2_62-beats-by-0_17-revenue-of-1_76b-beats-by-40m