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Can Autodesk Beat Wall Street Estimates in Q1 2020?

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May. 20 2019, Published 8:04 a.m. ET

Analysts expect revenue growth of 32.2%

Autodesk (ADSK) is set to announce its results for the first quarter of fiscal 2020 (quarter ended in April) on May 23. Wall Street analysts expect Autodesk to post revenue of $740.1 million, a rise of 32.2% year-over-year from $559.9 million in the first quarter of 2019.

Autodesk’s sales are then expected to rise by 28.9% to $788.5 million in the second quarter of fiscal 2020. Autodesk’s first-quarter sales have risen at a compound annual growth rate of 13% from $512 million in the first quarter of fiscal 2016 to $741 million in the first quarter of fiscal 2019, which means sales in Q1 2020 are accelerating at a far higher pace.

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Autodesk’s earnings

While Autodesk’s sales are expected to rise 32.2%, analysts expect the company’s adjusted EPS to rise by a whopping 683% to $0.47, which indicates high operating leverage in Q1. Autodesk reported adjusted EPS of $0.06 in the corresponding quarter last year.

Autodesk beat analysts’ earnings estimates in each of the last four quarters. The company posted EPS of $0.46 in the fourth quarter, 9.5% higher than analysts’ estimate of $0.42. The company posted EPS of $0.29 in the third quarter, 7.4% higher than the estimate of $0.27.

As the chart above shows, Autodesk reported EPS of $0.19 in the second quarter of 2019, 18.8% higher than analysts’ estimate of $0.16. The company also reported EPS of $0.06 in the first quarter of 2019, which was 100% above analysts’ estimate of $0.03.

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