Several analysts have already predicted that the stocks of ADBE will be putting up a sales sum of $3.73 billion for this quarter. According to a report, eight of the analysts have already estimated the earnings of the company. The ball has been rolled at a sum of $3.72 billion, with the highest coming in at $3.80 billion. The company did post a sales sum of $3.13 billion the previous year, which is indicative of an annual growth rate of 19.2%. The company will be putting up its next quarterly report on the 10th of June.
The Quarterly Report Of ADBE
ADBE previously updated its quarterly report on the 22nd of March. The EPS reported by the company during this period was $3.14, with the consensus estimate of $2.79. The net margin of the company is 40.88%, with a 35.81% return on equity. The revenue generated by the company during this period was $3.91 billion, with the analyst expectation coming to $3.76 billion.
There have been quite a few research equities that have commented on the stocks of ADBE. JPMorgan Chase & Co has already increased the price target of the company from $585 to $595 with a rating of overweight in a 24th March research report. BMO Capital Markets has also lowered the price target of the company from $570 to $535 with a rating of “outperform” in a 30th March research report. Wolfe Research has also put up a rating of “outperform” with a price target of $650 in a 28th April research note.
One of the investment analysts has put up a rating of sell, while five others have issued the company with a rating of hold. Twenty others have given the company a rating of buy. Currently, ADBE has a buy rating with a $551.68 price target.
