Can Adobe Maintain Earnings Momentum? (ADBE)
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%…
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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
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
