Equities Analysts Issue Forecasts for Adobe Q1 Earnings

Adobe Inc. (NASDAQ:ADBE - Free Report) - Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Adobe in a research note issued on Thursday, December 12th. DA Davidson analyst G. Luria anticipates that the software company will post earnings per share of $4.01 for the quarter. DA Davidson has a "Buy" rating and a $625.00 price objective on the stock. The consensus estimate for Adobe's current full-year earnings is $16.73 per share. DA Davidson also issued estimates for Adobe's FY2025 earnings at $23.19 EPS and FY2026 earnings at $19.22 EPS.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Wednesday, December 11th. The software company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.14. Adobe had a return on equity of 45.22% and a net margin of 25.85%. The company had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period last year, the company earned $3.52 earnings per share. The business's revenue was up 11.1% compared to the same quarter last year.

ADBE has been the topic of several other reports. Citigroup lowered their price target on Adobe from $616.00 to $590.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Morgan Stanley reaffirmed an "overweight" rating and issued a $660.00 price target on shares of Adobe in a research report on Friday, September 13th. Oppenheimer lowered their price target on Adobe from $625.00 to $600.00 and set an "outperform" rating on the stock in a research report on Thursday. StockNews.com raised Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 13th. Finally, BMO Capital Markets decreased their target price on Adobe from $600.00 to $570.00 and set an "outperform" rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $584.88.

Adobe Stock Performance

Shares of NASDAQ:ADBE traded down $4.16 during midday trading on Monday, hitting $461.53. The company's stock had a trading volume of 5,798,805 shares, compared to its average volume of 3,242,646. The stock has a market capitalization of $203.17 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 2.51 and a beta of 1.29. The stock's 50 day simple moving average is $505.16 and its 200 day simple moving average is $523.59. Adobe has a fifty-two week low of $433.97 and a fifty-two week high of $638.25. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 1.11.

Hedge Funds Weigh In On Adobe

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. raised its holdings in shares of Adobe by 6.5% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 4,424 shares of the software company's stock valued at $2,458,000 after purchasing an additional 270 shares during the period. Hobbs Group Advisors LLC bought a new stake in shares of Adobe in the 2nd quarter valued at about $39,000. Focus Financial Network Inc. raised its holdings in shares of Adobe by 10.4% in the 2nd quarter. Focus Financial Network Inc. now owns 3,249 shares of the software company's stock valued at $1,829,000 after purchasing an additional 306 shares during the period. GFG Capital LLC raised its holdings in Adobe by 4.0% in the 2nd quarter. GFG Capital LLC now owns 5,251 shares of the software company's stock valued at $2,917,000 after acquiring an additional 202 shares during the period. Finally, Hall Laurie J Trustee bought a new position in Adobe in the 2nd quarter valued at about $88,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 676 shares of the business's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $484.97, for a total value of $327,839.72. Following the completion of the transaction, the chief accounting officer now owns 2,715 shares of the company's stock, valued at $1,316,693.55. The trade was a 19.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott Belsky sold 1,530 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $513.82, for a total transaction of $786,144.60. Following the completion of the transaction, the executive vice president now directly owns 18,831 shares of the company's stock, valued at approximately $9,675,744.42. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,793 shares of company stock worth $18,069,669 in the last quarter. Insiders own 0.15% of the company's stock.

Adobe Company Profile

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.