Adobe Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Adobe Inc. (NASDAQ:ADBE) is set to release its second-quarter financial results after the closing bell on Thursday. Analysts expect earnings of $4.39 per share and revenue of $5.29 billion. Despite better-than-expected first-quarter results, Adobe issued weak revenue guidance for the current quarter. Several analysts have recently revised their price targets for Adobe, maintaining various ratings.
June 13, 2024 | 2:42 pm
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Adobe is set to release its Q2 earnings, with analysts expecting $4.39 EPS and $5.29 billion in revenue. Despite strong Q1 results, weak revenue guidance has led to mixed analyst ratings and revised price targets.
The upcoming earnings report is crucial for Adobe, with analysts expecting solid EPS and revenue figures. However, the weak revenue guidance from the previous quarter and mixed analyst ratings suggest a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100