Consensus takes the multiple down by nearly a third in two years, and what a holder actually earns depends on what the market keeps paying.
Autodesk (ADSK) stock trades at about $251.66, down 12.3% over the past twelve months. On the last twelve months of adjusted earnings that is still about 25.7 times earnings. The forward multiples cut that hard, and most of the cutting is already visible in the company's own numbers.
Where That Multiple Goes If The Earnings Arrive
On the earnings **** ysts expect for fiscal 2027, today's price is about 19.6 times earnings; on the earnings expected for fiscal 2028, that same price is about 17.6 times. That is a 31% lower multiple than the trailing figure, as consensus earnings grow into the price. One caveat: the trailing multiple sits on normalized net income with stock-based compensation added back, meant to land near the **** yst-consensus basis rather than match it, so part of the fall is basis, not earnings, and for an acquisition-heavy company that part can be most of it.
Why Consensus Nearly Halves Revenue Growth Without Anything Going Wrong
#consensus #down #Stock
Autodesk (ADSK) stock trades at about $251.66, down 12.3% over the past twelve months. On the last twelve months of adjusted earnings that is still about 25.7 times earnings. The forward multiples cut that hard, and most of the cutting is already visible in the company's own numbers.
Where That Multiple Goes If The Earnings Arrive
On the earnings **** ysts expect for fiscal 2027, today's price is about 19.6 times earnings; on the earnings expected for fiscal 2028, that same price is about 17.6 times. That is a 31% lower multiple than the trailing figure, as consensus earnings grow into the price. One caveat: the trailing multiple sits on normalized net income with stock-based compensation added back, meant to land near the **** yst-consensus basis rather than match it, so part of the fall is basis, not earnings, and for an acquisition-heavy company that part can be most of it.
Why Consensus Nearly Halves Revenue Growth Without Anything Going Wrong
#consensus #down #Stock
1 month ago
