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    ADBE   US00724F1012

ADOBE INC.

(ADBE)
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Adobe's 3Q Guidance Ahead of Wall Street Targets

06/17/2021 | 04:41pm EDT

By Maria Armental

Adobe Inc.'s financial guidance for the current quarter beat Wall Street projections, pointing to strong momentum with typical fourth-quarter strength.

This quarter, Adobe expects to make about $2.27 a share, or $3 a share as adjusted, on about $3.88 billion in revenue. Analysts expect $2.18 a share, or $2.89 a share as adjusted, on $3.83 billion in revenue.

The forecast, Adobe said, accounts for current macroeconomic conditions and expected return of summer seasonality.

"With the momentum we are seeing across creativity, digital documents and customer experience management, we are on track for another record year with a strong first half already in the books," Chief Financial Officer John Murphy said in a prepared statement. "Few companies of our scale can boast 20 percent plus revenue growth, world-class operating margins and a recurring-revenue model built for long-term growth and profitability."

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

06-17-21 1640ET

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Financials (USD)
Sales 2021 15 670 M - -
Net income 2021 4 582 M - -
Net cash 2021 3 760 M - -
P/E ratio 2021 64,8x
Yield 2021 -
Capitalization 295 B 295 B -
EV / Sales 2021 18,6x
EV / Sales 2022 16,0x
Nbr of Employees 22 516
Free-Float 79,1%
Chart ADOBE INC.
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Technical analysis trends ADOBE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Last Close Price 618,28 $
Average target price 619,71 $
Spread / Average Target 0,23%
EPS Revisions
Managers and Directors
Shantanu Narayen Chairman, President & Chief Executive Officer
John Francis Murphy Chief Financial Officer & Executive Vice President
Abhay Parasnis Chief Technology & Product Officer
Cynthia A. Stoddard Chief Information Officer & Senior Vice President
John E. Warnock Independent Director
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