Adobe (NASDAQ:ADBE) Releases FY25 Earnings Guidance

Adobe (NASDAQ:ADBE) updated its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $20.20-20.50 for the period, compared to the consensus EPS estimate of $20.52. The company issued revenue guidance of $23.3-23.55 billion, compared to the consensus revenue estimate of $23.78 billion. Adobe also updated its Q1 guidance to $4.95-5.00 EPS.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $635.00 price objective on shares of Adobe in a report on Thursday, December 5th. Morgan Stanley restated an “overweight” rating and issued a $660.00 price objective on shares of Adobe in a report on Friday, September 13th. Citigroup cut their price target on Adobe from $616.00 to $590.00 and set a “neutral” rating on the stock in a research note on Monday. JMP Securities reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 13th. Finally, Bank of America restated a “buy” rating and set a $640.00 target price on shares of Adobe in a report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Adobe presently has an average rating of “Moderate Buy” and a consensus target price of $600.79.

Adobe Stock Up 0.5 %

Shares of NASDAQ ADBE traded up $2.88 during midday trading on Wednesday, reaching $549.93. The company’s stock had a trading volume of 5,222,507 shares, compared to its average volume of 3,124,409. The stock has a market capitalization of $242.08 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 2.52 and a beta of 1.29. Adobe has a fifty-two week low of $433.97 and a fifty-two week high of $638.25. The stock has a 50 day simple moving average of $505.69 and a 200-day simple moving average of $523.17. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.28.

Adobe (NASDAQ:ADBE) last released its 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. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.37 billion. Adobe had a return on equity of 42.82% and a net margin of 25.59%. Adobe’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 earnings per share. Equities research analysts predict that Adobe will post 14.82 earnings per share for the current year.

Insider Activity at Adobe

In other Adobe news, EVP Scott Belsky sold 481 shares of Adobe stock in a transaction on Friday, October 25th. The shares were sold at an average price of $483.42, for a total transaction of $232,525.02. Following the completion of the transaction, the executive vice president now directly owns 18,128 shares of the company’s stock, valued at $8,763,437.76. The trade was a 2.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy Banse sold 606 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $550.00, for a total transaction of $333,300.00. Following the sale, the director now owns 32,929 shares of the company’s stock, valued at approximately $18,110,950. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,793 shares of company stock valued at $18,069,669. 0.15% of the stock is owned by corporate insiders.

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.