Autodesk, Inc. (NASDAQ:ADSK) shares are moving lower on Wednesday. The company reported 2025 fiscal-year third-quarter earnings on Tuesday.
What To Know: The company reported sales of $1.57 billion, beating analyst estimates of $1.56 billion. Also, it reported adjusted earnings per share of $2.17, beating analyst estimates of adjusted earnings per share of $2.12.
For the fourth quarter, the company sees revenue from $1.623 billion to $1.638 billion versus analyst estimates of $1.621 billion. It also sees earnings per share from $2.10 to $2.16 versus analyst estimates of $2.12.
Furthermore, Autodesk provided guidance for the 2025 fiscal-year, expecting adjusted earnings per share between $8.29 and $8.35, versus analyst estimates of $8.27. It also anticipates revenue in the range of $6.11 billion to $6.13 billion, versus analyst estimates of $6.10 billion.
Goldman Sachs reiterated its Neutral rating on Autodesk and its $295 price target. Goldman sees both positive and negative factors impacting Autodesk.
On the positive side, Goldman highlighted strong momentum in the Make business, with 28% growth, including contributions from the Pix acquisition. Additionally, the company's solid renewal rates and steady net revenue retention rate between 100% and 110% were seen as key strengths.
However, Goldman expressed concern over the current business environment, noting the need for healthier market conditions to support more robust revenue growth in the future. Despite Autodesk's competitive positioning and pricing leverage, Goldman emphasized that it would prefer to see more durable growth, particularly as the company rolls out its new transaction model to Europe and Japan and aims for a sustained growth in the 2026 fiscal-year and beyond.
ADSK Price Action: At the time of writing, Autodesk stock is trading 7.49% lower at $294.14, according to data from Benzinga Pro.
Image: Courtesy of Autodesk, Inc.
