Here's Why Autodesk (ADSK) Fell More Than Broader Market

Autodesk (ADSK) closed at $239.90, down 2.15% for the day, underperforming the S&P 500. However, the stock has gained 12.13% over the past month. The company is expected to report EPS of $3.07 (up 14.98% YoY) and quarterly revenue of $2.13 billion (up 14.96% YoY). With a Zacks Rank of #3 (Hold) and a Forward P/E of 19.42 (below industry average of 21.23), Autodesk trades at a valuation discount to its peers.