Adobe Inc (NASDAQ: ADBE) has reported earnings for its third fiscal quarter (ending August 31) of $3.78 versus $3.07 for the same period a year ago — an increase of 23%. Relative to the consensus estimate of $4.54, this was a shortfall of $-0.76. For the latest four quarters through August 31, E.P.S. were $11.89 versus $11.15 for the same period a year ago — an increase of 7%.
Recent Price Action
On 9/12/24, Adobe Inc (NASDAQ: ADBE) stock increased 1.1%, closing at $586.55. Moreover, trading volume in this advance was exceptionally high at 246% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.0% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Adobe has a neutral Power Rating of 41 but a poor Appreciation Score of 30, 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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