Looking at yahoo.finance for ADSK, I wonder how the preditiction for the forward PE ratio can drop from approx 47 to 31 when all the forward earnings estimates are down. Even the trailing year to year earning and gross sales are falling ? I am considering shorting this stock.
Fwd PE is actually one of the better measuring sticks for a stock.
As for why it 'dropped' while the ests were reduced, probably the "fwd" moved from 2015 to 2016.
The est for tomorrow is 21c, should be an easy beat, but it was at 36c a Q ago.
(Meanwhile there was gratuitous upgrade today and an anoucement of going into hardware - shades of MSFT and the fwd PE of 13 it carries? ... oh and CSCO just beat, 51c/48 est and it's still in mid $20s)