) is set to report second quarter 2015 results on Aug 14 after
markets close. The company has posted an average positive earnings
surprise of 20.35% over the past four quarters.
Let's see how things are shaping up for this announcement.
Growth Factors this Past Quarter
Autodesk has significant growth opportunities in the AEC and
manufacturing markets. We believe Autodesk's new cloud-based
offerings are gaining traction. Moreover, the business transition
toward cloud-based software and services will boost the company's
Moreover, the company's focus on expanding its mobile applications
for both Apple's (
) iOS and Google's Android platform with the introduction of
features like Sketchbook Pro 7 will further drive market share.
However, increasing competition from Adobe is a concern. Moreover,
continued investments in new products are expected to hurt margins
in the near term. Moreover, the departure of its Chief Financial
Officer (CFO) Mark Hawkins during the quarter may prove to be a
headwind for the company.
Our proven model does not conclusively show that Autodesk is likely
to beat earnings this quarter. That is because a stock needs to
have both a positive
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not the
case here as you will see below.
Both the Most Accurate estimate and the Zacks Consensus Estimate
stand at 17 cents. Hence, the difference is of 0.00%.
Zacks Rank #3 (Hold):
Autodesk's Zacks Rank when combined with a 0.00% ESP makes surprise
We caution against stocks with Zacks #4 and #5 Ranks (Sell-rated
stocks) going into the earnings announcement, especially when the
company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our model
shows they have the right combination of elements to post an
earnings beat this quarter:
Nimble Storage, Inc. (
), Earnings ESP of +25.0% and a Zacks Rank # 3
TIM Participacoes (
), Earnings ESP of +16.67% and a Zacks Rank # 3
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