NEW YORK (TheStreet) -- Autodesk (ADSK) - Get Report stock is falling 0.49% to $48.94 in mid-morning trading on Thursday before the company's fiscal 2016 fourth quarter financial report, due out after today's market close.
The San Rafael, CA-based software and services company is expected to report a year-over-year decline in earnings per share and revenue.
Wall Street is anticipating earnings of 11 cents per share on revenue of $634.92 million for the latest quarter.
Last year, Autodesk reported earnings of 25 cents per share on $664.6 million in revenue for the fiscal fourth quarter ended January 31, 2015.
Earlier this month, the company said quarterly results will be at the high end or above its guidance. Autodesk set its earnings outlook at 8 cents to 12 cents per share and revenue guidance at $620 million to $640 million.
"We ended fiscal 2016 on a high note with very strong fourth-quarter billings growth and continued demand for our subscription offerings," CEO Carl Bass said in a statement. "Solid revenues, coupled with continued cost-controls, led to better than expected non-GAAP EPS during the quarter."
Separately, Autodesk has a "hold" rating and a letter grade of C- at TheStreet Ratings because of the company's strengths, such as largely solid financial position with reasonable debt levels by most measures and expanding profit margins, and its weaknesses, including deteriorating net income, disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: ADSK
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