Adobe Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Adobe Inc. (NASDAQ:ADBE) is set to report its Q3 financial results on Sept. 14, 2023. Analysts predict earnings of $3.98 per share, up from $3.4 per share a year ago, and revenue of $4.87 billion, up from $4.43 billion. Adobe's stock closed at $553.56, up 2.1%. Several analysts have revised their price targets for Adobe, with the highest being $660.
September 14, 2023 | 2:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Adobe is expected to report increased earnings and revenue for Q3. The stock price has risen 2.1% and analysts have revised their price targets upwards, indicating positive sentiment.
The news directly pertains to Adobe and its upcoming Q3 earnings report. The expected increase in earnings and revenue, along with the recent rise in stock price and upward revision of price targets by analysts, suggest a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100