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On Tuesday, September 17, Adobe (NASDAQ:ADBE) will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
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Adobe EPS is expected to be around $1.97, according to sell-side analysts. Sales will likely be near $2.82 billion.
In the same quarter last year, Adobe reported earnings per share of $1.73 on sales of $2.29 billion. The analyst consensus estimate would represent a 13.87% increase in the company's earnings. Revenue would be up 23.09% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 |
| EPS Estimate | 1.780 | 1.61 | 1.88 | 1.69 |
| EPS Actual | 1.830 | 1.71 | 1.9 | 1.73 |
Stock Performance
Over the last 52-week period, shares are up 3.66%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts generally rate Adobe stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Adobe is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: https://www.adobe.com/investor-relations/calendar.html
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.