Adobe Inc (NASDAQ: ADBE) has reported E.P.S. of $3.81 for its fourth fiscal quarter (ending November 30) versus $3.26 for the same period a year ago — an increase of 17%. However, this performance was $-0.86 short of the consensus estimate of $4.67. For the latest four quarters through November 30, E.P.S. were $12.43 compared to $11.87 a year ago — an increase of 5%.
Recent Price Action
Adobe Inc (NASDAQ: ADBE) stock closed at $549.93 on 12/11/24 after a modest gain of 0.5%. Moreover, exceptionally high trading volume at 227% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 6.5% during the last week.
Current PriceTarget Research Rating
Adobe has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Adobe has a slightly negative Appreciation Score of 36 and a neutral Power Rating of 58, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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