Adobe Inc. (ADBE) EPS Estimated At $1.56

November 11, 2018 - By Harriett Tippett

Adobe Inc. (NASDAQ:ADBE) LogoInvestors sentiment increased to 0.97 in Q2 2018. Its up 0.07, from 0.9 in 2018Q1. It increased, as 40 investors sold Adobe Inc. shares while 411 reduced holdings. 119 funds opened positions while 320 raised stakes. 398.19 million shares or 1.84% less from 405.65 million shares in 2018Q1 were reported.
Numerixs Invest Technology owns 2,500 shares. First Pacific Advisors Limited Co has invested 0% in Adobe Inc. (NASDAQ:ADBE). Stevens Capital Mgmt L P invested in 13,573 shares. Westwood Grp, Texas-based fund reported 3,582 shares. Fdx Advsr stated it has 31,026 shares or 0.27% of all its holdings. Ubs Asset Mngmt Americas holds 3.45 million shares. Delaware-based Westover Capital Lc has invested 0.17% in Adobe Inc. (NASDAQ:ADBE). Kdi Cap Prtnrs Lc accumulated 46,220 shares or 3.59% of the stock. The Massachusetts-based Trillium Asset Management Ltd Liability Corporation has invested 1.67% in Adobe Inc. (NASDAQ:ADBE). Farmers Merchants holds 0% or 195 shares in its portfolio. Reliance Trust Of Delaware has 5,707 shares. 7,823 are owned by Highland Capital Ltd Co. Warren Averett Asset Ltd Llc stated it has 0.06% in Adobe Inc. (NASDAQ:ADBE). Amundi Pioneer Asset holds 0.6% of its portfolio in Adobe Inc. (NASDAQ:ADBE) for 1.70M shares. 100 were accumulated by Nelson Van Denburg And Campbell Wealth Group Inc Limited Liability.

Since May 16, 2018, it had 0 insider purchases, and 8 selling transactions for $11.94 million activity. Parasnis Abhay sold 10,500 shares worth $2.73 million. On Monday, June 18 the insider GESCHKE CHARLES M sold $1.53M. The insider Rencher Bradley sold 15,000 shares worth $3.94M.

Analysts expect Adobe Inc. (NASDAQ:ADBE) to report $1.56 EPS on December, 13.They anticipate $0.51 EPS change or 48.57 % from last quarter’s $1.05 EPS. ADBE’s profit would be $761.49M giving it 39.24 P/E if the $1.56 EPS is correct. After having $1.42 EPS previously, Adobe Inc.’s analysts see 9.86 % EPS growth. The stock decreased 2.05% or $5.12 during the last trading session, reaching $244.84. About 2.77M shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 71.32% since November 11, 2017 and is uptrending. It has outperformed by 55.70% the S&P500.

Adobe Inc. (NASDAQ:ADBE) Ratings Coverage

Among 15 analysts covering Adobe (NASDAQ:ADBE), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Adobe had 19 analyst reports since May 22, 2018 according to SRatingsIntel. The stock of Adobe Inc. (NASDAQ:ADBE) earned “Buy” rating by Citigroup on Friday, September 14. Robert W. Baird maintained it with “Buy” rating and $26000 target in Tuesday, May 22 report. The firm has “Outperform” rating given on Friday, September 14 by Credit Suisse. The company was maintained on Friday, June 15 by BMO Capital Markets. Argus Research maintained the shares of ADBE in report on Monday, September 17 with “Buy” rating. The firm has “Overweight” rating given on Friday, September 14 by KeyBanc Capital Markets. Barclays Capital maintained Adobe Inc. (NASDAQ:ADBE) on Tuesday, October 16 with “Overweight” rating. The firm has “Buy” rating given on Friday, September 14 by Stifel Nicolaus. The firm has “Outperform” rating by Robert W. Baird given on Friday, September 14. The firm has “Buy” rating by Canaccord Genuity given on Friday, June 15.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $119.52 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 50.6 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

More notable recent Adobe Inc. (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “Adobe MAX conference starts today” on October 15, 2018, also Seekingalpha.com with their article: “The Reliability Of Adobe” published on November 08, 2018, Seekingalpha.com published: “Adobe: Can’t Ignore Its Growth Rates” on October 16, 2018. More interesting news about Adobe Inc. (NASDAQ:ADBE) were released by: Seekingalpha.com and their article: “Adobe: US online holiday sales will top $124B” published on November 01, 2018 as well as Nasdaq.com‘s news article titled: “Adobe Systems Inc. (ADBE) Is Rising On Forecast” with publication date: October 16, 2018.

Adobe Inc. (NASDAQ:ADBE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: