For its second fiscal quarter (ending May 31), Adobe Inc (NASDAQ: ADBE) has reported a 24% increase in E.P.S. from $2.83 a year ago to $3.50 in the current quarter. However, this performance was $-1.46 short of the consensus estimate of $4.95. For the latest four quarters through May 31, E.P.S. were $11.19 compared to $10.50 a year ago — an increase of 7%.
Recent Price Action
Adobe Inc (NASDAQ: ADBE) stock closed at $458.74 on 6/13/24 after a slight decline of -0.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 266% of normal. The stock has risen 0.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ADBE is expected to continue to be a major Value Builder.
Adobe has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Adobe has a slightly negative Appreciation Score of 35 and a slightly negative Power Rating of 33, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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