Adobe Earnings Preview
Portfolio Pulse from Benzinga Insights
Adobe (NASDAQ:ADBE) is set to release its latest quarterly earnings report on September 14, 2023. Analysts estimate an earnings per share (EPS) of $3.98. Adobe's stock price often reacts more to the company's guidance than to whether it beats or misses earnings estimates. Last quarter, Adobe beat EPS estimates by $0.12, leading to a 0.87% increase in the share price the next day. Adobe's shares were trading at $542.21 as of September 12, and are up 79.47% over the last 52-week period.
September 13, 2023 | 2:00 pm
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NEUTRAL IMPACT
Adobe's upcoming earnings report and its guidance could impact its stock price. Last quarter's EPS beat led to a 0.87% share price increase. The stock is up 79.47% over the last 52 weeks.
Adobe's stock price often reacts to its earnings guidance. Given that the company beat EPS estimates last quarter and saw a subsequent increase in its share price, a similar scenario could occur if it beats estimates again and provides positive guidance. However, the exact impact will depend on the actual results and guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100