Autodesk Inc. (ADSK, Financial), a software company, will release its financial results for the second quarter of fiscal 2018 after the market closes on Aug. 24.
Autodesk produces and sells its software to several industries, including the architecture, construction, engineering, manufacturing, entertainment and media industries.
For the quarter, 17 analysts forecast Autodesk will report a loss of 15 cents, a significant decline from its earnings last year.Â
Source: Yahoo Finance
In regard to revenue, analysts forecast a 10.1% decline from the prior-year quarter. The average revenue estimate is $494.9 million, which ranges between a low of $490 million and a high of $503.8 million.
Source: Yahoo Finance
As of the most recent quarter, the company has approximately $1.81 billion in cash and securities, or $8.22 per share. The total debt amounts to $1.49 billion, and the total debt-to-equity ratio is 293.54 versus an industry average of 41.74. This means the company is highly leveraged. The interest coverage ratio of -3.65 suggests the company has trouble paying interest expenses on its outstanding debt.
GuruFocus gives Autodesk a financial strength rating of 4 out of 10 and a profitability and growth rating of 6 out of 10.
Analysts forecast a 310.7% growth in the company’s earnings from fiscal 2018 to fiscal 2019 and an average growth of 24% per annum over the next five years.
Autodesk is currently trading at $109.75 per share with a market capitalization of $24.19 billion, a price-book (P/B) ratio of 47.59, a price-sales (P/S) ratio of 12.13 and an EV/Ebitda ratio of -70.35.
The forward P/E ratio is 93.01. When it is multiplied by the average 2019 EPS forecast of $1.18, it yields a value of $109.75 per share. For full fiscal 2018, analysts forecast a loss of 59 cents.
Disclosure: I have no positions in Autodesk Inc.
