Adobe Systems Inc. (NASDAQ: ADBE) is set to report earnings on Monday and Wall Street and Silicon Valley will be watching closely. Shares are within about 5% of their recent highs, but the stock itself is still up about 20% just over the last 90-day period.
Thomson Reuters has estimates of $0.57 EPS and $1.05 billion in revenues; next quarter estimates are $0.60 EPS and $1.1 billion in revenues. Thomson Reuters has a consensus price target of $32.32, which is currently under the current share price. With the price targets on average being lower than the share price it is almost certain that for everyone to remain happy that Adobe has to do a “beat and raise estimates” earnings report.
Shares are currently around $33.75 and the 52-week trading range is $22.67 to $35.99.
JON C. OGG
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