Autodesk's stock surged 5.04% during intraday trading on Friday, following the company's release of a stronger-than-anticipated financial outlook.
The design software firm forecast fiscal 2027 revenue of $8.10 billion to $8.17 billion, surpassing analysts' average estimate of $7.97 billion. The company also projected annual adjusted earnings per share between $12.29 and $12.56, exceeding the consensus estimate of $11.62. Autodesk's fourth-quarter results also beat market expectations.
Analysts noted the positive guidance is driving investor confidence. D.A. Davidson stated Autodesk is well-positioned and insulated as it enters the AI era, with the strong fiscal 2027 outlook being a key factor. BTIG added that management's outlook already accounts for potential disruption risks from recent restructuring efforts.
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