Of 27 brokerages covering Autodesk, 19 have a Buy or Strong Buy rating, while another seven rate the stock at Hold. At a recent price of around $202.00 a share, the upside potential based on a median price target of $239.00 is 18.3%. At the high target of $265.00, the upside potential is about 31.2%.
For the company’s second quarter of fiscal 2024, analysts expect revenue to total $1.32 billion, which would be up 4.1% sequentially and by 6.5% year over year. Analysts are forecasting EPS of $1.73, up 11.4% sequentially and 4.8% higher year over year. For the full fiscal year, analysts estimate EPS of $7.28, up 9.9%, on revenue of $5.41 billion, up 8.2%.
Autodesk stock trades at 27.7 times expected 2024 EPS, 24.2 times estimated 2025 earnings of $8.35 and 21.2 times estimated 2026 earnings of $9.55 per share. Its 52-week trading range is $179.61 to $234.99. The company does not pay a dividend, and total shareholder return over the past year was negative 9.24%.
Dollar Tree
Off-price retailer Dollar Tree Inc. (NASDAQ: DLTR) has lost more than 15% from its share price over the past 12 months. The stock is up a scant 0.2% for the year to date. Look for the Dollar Tree earnings report Thursday morning.
First-quarter revenue beat the consensus estimate by less than 1% and EPS missed by 4.2%. If Dollar Tree has a consistent problem, it is putting up a decent profit number. That is difficult, of course, given its gross margins and rising costs. The company is also struggling with increased shrinkage, a problem common to many other retailers that have had to reduce staff to keep costs under control.
Analysts remain bullish on the stock. Of 28 brokerages covering it, 13 have Hold ratings and 13 have a Buy or Strong Buy rating. At a share price of around $142.00, the upside potential based on a median price target of $161.00 is 13.4%. At the high price target of $195.00, the upside potential is 37.3%.
Second-quarter 2024 revenue is forecast at $7.21 billion, down 1.6% sequentially but up 6.5% year over year. Adjusted EPS are forecast at $0.87, down nearly 41% sequentially and by 45.6% year over year. For the full 2024 fiscal year ending in January, analysts expect Dollar Tree to post EPS of $6.03, down 16.4%, on sales of $30.46 billion, up 7.5%.
Dollar Tree stock trades at 23.5 times expected 2024 EPS, 19.5 times estimated 2025 earnings of $7.26 and 16.1 times estimated 2026 earnings of $9.33 per share. The 52-week trading range is $128.85 to $170.36. The company does not pay a dividend, and the total shareholder return for the past year was negative 14.45%.
Nvidia
As goes Nvidia Corp. (NASDAQ: NVDA), so goes the stock market. It is not much of a stretch to say that if Nvidia bombs, the market will too. Likewise, if the latest member of the trillion-dollar club surpasses lofty expectations, the market is likely to soar. At least the S&P 10 will soar. The company set the upper end of second-quarter revenue guidance at $11.22 billion when it reported first-quarter results last May. The consensus revenue estimate is just below that, leaving Nvidia room to burst through its guidance and light a fire under the whole market. The company reports results Wednesday afternoon.
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