On Tuesday, September 15, Adobe 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
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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