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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Adobe Inc.    ADBE

ADOBE INC.

(ADBE)
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Adobe : 3Q Forecast Falls Below Analysts' Expectations

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06/18/2019 | 04:50pm EDT

By Aisha Al-Muslim

Software company Adobe Inc. (ADBE) on Tuesday provided its financial targets for the third quarter that missed analysts' expectations.

For the quarter, the company guided total revenue of $2.8 billion, compared with estimates of $2.83 billion by analysts polled by Refinitiv.

Digital media segment revenue for the quarter is expected to grow 20% year-over-year, while digital experience segment revenue is projected to increase by 34%.

The company guided earnings per share of $1.40 for the quarter, compared with analysts' estimates of $1.47 a share.

The company also guided adjusted earnings per share of $1.95, compared with analysts' estimates of $2.05 a share.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

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Financials (USD)
Sales 2019 11 154 M
EBIT 2019 4 454 M
Net income 2019 2 934 M
Finance 2019 2 222 M
Yield 2019 -
P/E ratio 2019 46,6x
P/E ratio 2020 37,7x
EV / Sales2019 11,9x
EV / Sales2020 9,79x
Capitalization 135 B
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 313,56  $
Last Close Price 277,91  $
Spread / Highest target 22,3%
Spread / Average Target 12,8%
Spread / Lowest Target -1,05%
EPS Revisions
Managers
NameTitle
Shantanu Narayen Chairman, President & Chief Executive Officer
John Francis Murphy Chief Financial Officer & Executive VP
Abhay Parasnis Chief Technology Officer & Executive VP
Cynthia A. Stoddard Chief Information Officer & Senior Vice President
John E. Warnock Independent Director
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