Autodesk Is Expected to Post a Profit

The software company Autodesk Inc. (ADSK) will release its latest financial figures after market close on May 24.

Autodesk sells its software to several industries, including architecture, construction, engineering, manufacturing, entertainment and media. The stock in Autodesk is traded on the Nasdaq Composite and has a market capitalization of $29.9 billion. The figures are for the first quarter of 2019, which ended on April 30.

For the quarter, analysts expect Autodesk to report a net profit of 3 cents per share compared to a loss of 16 cents per share in the prior fiscal year quarter. The forecast for the first quarter is a mean of 17 estimates among analysts who were surveyed. These estimates fall in the range of a net profit of 1 cent to 5 cents per share. 

Revenue is forecasted to come in at $557 million. This represents a 14.8% growth from the comparable of fiscal 2018. The revenue of $557.37 million is a 16 estimates’ average.

As of the most recent quarter, the company has approximately $1.32 billion in cash and securities, or $6.06 per share. The total debt amounts to $1.59 billion. GuruFocus gives Autodesk a financial strength rating of 4 out of 10 and a profitability and growth rating of 5 out of 10.

Analysts foresee a 262.5% growth in the bottom line of Autodesk from fiscal 2018 to fiscal 2019 and an average yearly upside of 53.87% over the next five years.

Autodesk is trading at $136.52 per share. The price-sales ratio is 14.54 times versus an industry median of 2.57. The enterprise value to earnings before interest, depreciation and amortization is -98.34.

The forward price earnings ratio is 153.85 versus an industry median of 24.04 times. For full fiscal 2019, analysts forecast a net profit of 88 cents on revenue of $2.5

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