Adobe (NASDAQ:ADBE) Releases FY25 Earnings Guidance

Adobe (NASDAQ:ADBE) updated its FY25 earnings guidance on Wednesday. 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 FY 2025 guidance to 20.200-20.500 EPS.

Adobe Stock Up 0.5 %

Shares of NASDAQ:ADBE traded up $2.88 during trading on Wednesday, hitting $549.93. The company’s stock had a trading volume of 5,564,306 shares, compared to its average volume of 3,130,434. Adobe has a fifty-two week low of $433.97 and a fifty-two week high of $638.25. The business has a 50 day moving average price of $505.69 and a two-hundred day moving average price of $523.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $242.08 billion, a PE ratio of 46.42, a P/E/G ratio of 2.52 and a beta of 1.29.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 12th. The software company reported $4.65 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.12. Adobe had a net margin of 25.59% and a return on equity of 42.82%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same quarter last year, the company earned $3.26 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts expect that Adobe will post 14.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $625.00 price target on shares of Adobe in a research note on Friday, September 13th. Argus upgraded Adobe to a “strong-buy” rating in a research note on Monday, September 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $610.00 price target on shares of Adobe in a research note on Thursday, December 5th. BMO Capital Markets boosted their price objective on shares of Adobe from $580.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Adobe currently has an average rating of “Moderate Buy” and a consensus target price of $600.79.

Insider Activity

In other Adobe news, CFO Daniel Durn sold 6,500 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $515.44, for a total transaction of $3,350,360.00. Following the sale, the chief financial officer now directly owns 20,838 shares in the company, valued at approximately $10,740,738.72. The trade was a 23.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott Belsky sold 481 shares of the stock in a transaction dated 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 owns 18,128 shares of the company’s stock, valued at $8,763,437.76. This represents a 2.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,793 shares of company stock valued at $18,069,669 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

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.