Adobe Sees Q2 Revenue $5.25B-$5.3B vs $5.31B Est., Adj. EPS $4.35-$4.40 vs $4.38 Est.
Portfolio Pulse from Benzinga Newsdesk
Adobe projects its Q2 revenue to be between $5.25 billion and $5.3 billion, slightly below the estimated $5.31 billion. The company also forecasts its adjusted earnings per share (EPS) to be in the range of $4.35 to $4.40, closely aligning with the estimated $4.38.
March 14, 2024 | 8:07 pm
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Adobe anticipates Q2 revenue to be slightly below expectations at $5.25B-$5.3B, with adjusted EPS close to estimates at $4.35-$4.40.
Adobe's projection of slightly lower than expected revenue for Q2 could lead to a short-term negative impact on its stock price. However, the close alignment of its adjusted EPS with estimates may mitigate some of the negative sentiment. The slight miss in revenue forecast is the primary driver for the negative score, reflecting potential investor concern over growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100