Zacks Research Has Positive Outlook for Adobe Q2 Earnings

Adobe Inc. (NASDAQ:ADBE - Free Report) - Equities researchers at Zacks Research lifted their Q2 2027 earnings estimates for Adobe in a research note issued to investors on Thursday, July 3rd. Zacks Research analyst R. Department now expects that the software company will post earnings of $5.66 per share for the quarter, up from their prior estimate of $5.64. The consensus estimate for Adobe's current full-year earnings is $16.65 per share.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%. The business's revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.48 earnings per share.

A number of other brokerages also recently weighed in on ADBE. Piper Sandler lowered their price target on Adobe from $600.00 to $500.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus lowered their price target on Adobe from $525.00 to $480.00 and set a "buy" rating on the stock in a research report on Friday, June 13th. UBS Group upped their target price on Adobe from $380.00 to $430.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. KeyCorp raised Adobe from an "underweight" rating to a "sector weight" rating in a research report on Friday, March 21st. Finally, Mizuho decreased their target price on Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a research report on Friday, June 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Adobe currently has a consensus rating of "Moderate Buy" and a consensus price target of $480.08.

Adobe Stock Performance

NASDAQ ADBE traded up $1.09 during trading on Friday, reaching $379.56. 2,863,680 shares of the company's stock were exchanged, compared to its average volume of 3,430,343. The business has a 50 day moving average price of $396.09 and a 200-day moving average price of $408.27. The stock has a market capitalization of $161.01 billion, a P/E ratio of 24.28, a PEG ratio of 1.80 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. Adobe has a fifty-two week low of $332.01 and a fifty-two week high of $587.75.

Institutional Investors Weigh In On Adobe

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sage Capital Advisors llc lifted its stake in Adobe by 2.2% during the second quarter. Sage Capital Advisors llc now owns 6,036 shares of the software company's stock worth $2,335,000 after purchasing an additional 132 shares during the last quarter. City Center Advisors LLC bought a new stake in Adobe during the second quarter worth $229,000. Norway Savings Bank lifted its stake in shares of Adobe by 23.1% in the 2nd quarter. Norway Savings Bank now owns 3,608 shares of the software company's stock valued at $1,396,000 after acquiring an additional 678 shares during the last quarter. HBW Advisory Services LLC lifted its stake in shares of Adobe by 469.7% in the 2nd quarter. HBW Advisory Services LLC now owns 6,250 shares of the software company's stock valued at $2,418,000 after acquiring an additional 5,153 shares during the last quarter. Finally, Crumly & Associates Inc. lifted its stake in shares of Adobe by 4.7% in the 2nd quarter. Crumly & Associates Inc. now owns 707 shares of the software company's stock valued at $274,000 after acquiring an additional 32 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.