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San Jose, California-based Adobe Inc. (ADBE) operates as a global technology company. With a market cap of $157.3 billion, the company operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. ADBE is set to report its Q3 earnings on Thursday, September 11.
Ahead of the event, analysts expect ADBE to report an EPS of $4.21 per share, up 10.5% from a profit of $3.81 per share reported in the year-ago quarter. It has exceeded or met analysts' earnings estimates in each of the past four quarters, which is impressive.
For fiscal 2025, analysts expect ADBE to report an EPS of $16.92, up 13.6% from $14.90 in fiscal 2024. Moreover, in fiscal 2026, its EPS is expected to grow 13.7% year over year to $19.23.
ADBE stock has declined 30.3% over the past 52 weeks, underperforming the Technology Select Sector SPDR Fund’s (XLK) 22.7% surge and the S&P 500 Index’s ($SPX) 18.3% uptick during the same time frame.
On July 2, Adobe stock closed down more than 3% after Rothchild & Co. downgraded the stock to "Sell" from "Hold" with a price target of $280.
Moreover, analysts remain somewhat bullish about ADBE stock’s future prospects, with a "Moderate Buy" rating overall. Among 34 analysts covering the stock, 23 recommend a “Strong Buy,” two suggest a “Moderate Buy,” eight advise a “Hold,” and the remaining analyst gives a “Strong Sell.” ADBE’s mean price of $494.73 implies a premium of 33.4% from its prevailing price level.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
