Zacks Research Issues Positive Estimate for Adobe Earnings

Adobe Inc. (NASDAQ:ADBE - Free Report) - Stock analysts at Zacks Research increased their Q1 2025 earnings per share estimates for shares of Adobe in a research note issued on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the software company will earn $4.04 per share for the quarter, up from their previous estimate of $4.03. The consensus estimate for Adobe's current full-year earnings is $14.82 per share. Zacks Research also issued estimates for Adobe's Q2 2025 earnings at $4.07 EPS and Q3 2025 earnings at $4.10 EPS.

A number of other research firms also recently commented on ADBE. Citigroup lifted their target price on shares of Adobe from $550.00 to $621.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 11th. Stifel Nicolaus lifted their price objective on Adobe from $600.00 to $650.00 and gave the stock a "buy" rating in a report on Friday, September 6th. Argus raised Adobe to a "strong-buy" rating in a research report on Monday, September 16th. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 price target on shares of Adobe in a research report on Friday, September 13th. Finally, Oppenheimer reissued an "outperform" rating and issued a $625.00 price objective on shares of Adobe in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $606.40.

Adobe Stock Performance

Shares of ADBE stock traded down $3.86 during trading hours on Monday, reaching $499.51. The company had a trading volume of 2,259,035 shares, compared to its average volume of 3,167,711. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 1.11. The business has a fifty day moving average price of $509.79 and a 200-day moving average price of $518.69. Adobe has a one year low of $433.97 and a one year high of $638.25. The firm has a market cap of $219.88 billion, a PE ratio of 42.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.30.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The software company reported $4.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.53 by $0.12. Adobe had a return on equity of 42.82% and a net margin of 25.59%. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the company posted $3.26 earnings per share. The company's quarterly revenue was up 10.6% on a year-over-year basis.

Insider Activity

In other news, CAO Jillian Forusz sold 676 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $484.97, for a total transaction of $327,839.72. Following the sale, the chief accounting officer now directly owns 2,715 shares of the company's stock, valued at $1,316,693.55. This represents a 19.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Shantanu Narayen sold 25,000 shares of the firm's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $521.58, for a total transaction of $13,039,500.00. Following the completion of the transaction, the chief executive officer now directly owns 357,700 shares of the company's stock, valued at approximately $186,569,166. This trade represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,187 shares of company stock worth $17,736,369 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

Institutional Investors Weigh In On Adobe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its position in Adobe by 66,909.7% during the third quarter. International Assets Investment Management LLC now owns 1,378,390 shares of the software company's stock valued at $713,703,000 after acquiring an additional 1,376,333 shares during the last quarter. Swedbank AB purchased a new stake in Adobe in the 1st quarter worth about $621,179,000. Longview Partners Guernsey LTD bought a new stake in Adobe in the second quarter worth about $663,745,000. Price T Rowe Associates Inc. MD boosted its position in shares of Adobe by 17.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,644,050 shares of the software company's stock valued at $3,857,189,000 after buying an additional 1,146,718 shares during the period. Finally, FMR LLC grew its stake in shares of Adobe by 8.8% during the third quarter. FMR LLC now owns 9,690,163 shares of the software company's stock valued at $5,017,373,000 after buying an additional 787,356 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

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.