Market Overview

Adobe Earnings Preview

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On Tuesday, September 15, Adobe (NASDAQ: ADBE) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Earnings and Revenue

Wall Street expects EPS of $2.41 and sales around $3.16 billion. In the same quarter last year, Adobe announced EPS of $2.05 on revenue of $2.83 billion. If the company were to match the consensus estimate when it reports Tuesday, earnings per share would be up 17.56%. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019
EPS Estimate 2.33 2.23 2.26 1.97
EPS Actual 2.45 2.27 2.29 2.05
Revenue Estimate 3.16 B 3.05 B 2.97 B 2.82 B
Revenue Actual 3.13 B 3.09 B 2.99 B 2.83 B

Stock Performance

Over the last 52-week period, shares are up 68.63%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Adobe is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://www.adobe.com/investor-relations/calendar.html

 

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