A Preview Of Adobe's Earnings
Portfolio Pulse from Benzinga Insights
Adobe (NASDAQ:ADBE) is scheduled to release its quarterly earnings report on March 14, 2024, with analysts expecting an EPS of $4.38. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 6.35% drop. Adobe's stock has risen 64.33% over the last 52 weeks, indicating a positive outlook from long-term shareholders.
March 13, 2024 | 7:00 pm
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NEUTRAL IMPACT
Adobe is expected to report an EPS of $4.38 for the upcoming quarter. Historical data shows variable stock price reactions to past earnings, with a significant 64.33% increase over the last year.
Adobe's upcoming earnings report is highly anticipated, given its past performance of beating EPS estimates but experiencing mixed stock price reactions. The long-term positive trend in Adobe's stock price suggests investor confidence, but the immediate impact of the earnings report is uncertain due to historical mixed reactions. Therefore, the short-term impact on Adobe's stock price is considered neutral until the actual earnings results and future guidance are revealed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100