Last week saw the newest quarterly earnings release from Autodesk, Inc. (NASDAQ:ADSK), an important milestone in the company's journey to build a stronger business. It looks like a credible result overall - although revenues of US$1.5b were in line with what the analysts predicted, Autodesk surprised by delivering a statutory profit of US$1.30 per share, a notable 12% above expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Autodesk after the latest results.

Taking into account the latest results, the most recent consensus for Autodesk from 24 analysts is for revenues of US$6.09b in 2025. If met, it would imply a credible 4.9% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be US$4.97, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$6.05b and earnings per share (EPS) of US$4.91 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The consensus price target rose 5.8% to US$287despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Autodesk's earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Autodesk, with the most bullish analyst valuing it at US$325 and the most bearish at US$225 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Autodesk shareholders.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Autodesk's revenue growth is expected to slow, with the forecast 10% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 12% annually. So it's pretty clear that, while Autodesk's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Autodesk analysts - going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for Autodesk that you need to take into consideration.

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