Autodesk (NAS: ADSK) reported earnings on Aug. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 31 (Q2), Autodesk missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped.
Gross margins were steady, operating margins dropped, net margins contracted.
Autodesk booked revenue of $568.7 million. The 17 analysts polled by S&P Capital IQ wanted to see net sales of $593.7 million on the same basis. GAAP reported sales were 4.1% higher than the prior-year quarter's $546.3 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 $0.48. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.49 per share. GAAP EPS of $0.28 for Q2 were 6.7% lower than the prior-year quarter's $0.30 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 89.5%, about the same as the prior-year quarter. Operating margin was 16.3%, 90 basis points worse than the prior-year quarter. Net margin was 11.4%, 160 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $559.7 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $2.32 billion. The average EPS estimate is $1.93.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 747 members out of 807 rating the stock outperform, and 60 members rating it underperform. Among 238 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 233 give Autodesk a green thumbs-up, and five 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 $40.30.
Software and computerized services are being consumed in radically different ways, on new and increasingly mobile devices. Many old leaders will be left behind. Whether or not Autodesk makes the coming cut, you should check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
Add Autodesk to My Watchlist.
The article The Gory Details on Autodesk's Double Fumble originally appeared on Fool.com.
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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.