In the latest market close, Autodesk (ADSK) reached $271.16, with a +0.96% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.9%. On the other hand, the Dow registered a gain of 0.81%, and the technology-centric Nasdaq increased by 1.22%.

Prior to today's trading, shares of the design software company had gained 6.68% over the past month. This has outpaced the Computer and Technology sector's gain of 5.76% and the S&P 500's gain of 3.15% in that time.

The investment community will be closely monitoring the performance of Autodesk in its forthcoming earnings report. In that report, analysts expect Autodesk to post earnings of $2.11 per share. This would mark year-over-year growth of 1.93%. Alongside, our most recent consensus estimate is anticipating revenue of $1.56 billion, indicating a 10.51% upward movement from the same quarter last year.

ADSK's full-year Zacks Consensus Estimates are calling for earnings of $8.24 per share and revenue of $6.11 billion. These results would represent year-over-year changes of +8.42% and +11.07%, respectively.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Autodesk. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Autodesk is currently a Zacks Rank #3 (Hold).

In the context of valuation, Autodesk is at present trading with a Forward P/E ratio of 32.59. This indicates a premium in contrast to its industry's Forward P/E of 28.77.

Investors should also note that ADSK has a PEG ratio of 2.37 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer - Software industry had an average PEG ratio of 2.37 as trading concluded yesterday.

The Computer - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 65, this industry ranks in the top 26% of all industries, numbering over 250.