Adobe Inc (NASDAQ: ADBE) has reported earnings for its first fiscal quarter (ending February 28) of $1.37 versus $2.72 for the same period a year ago — a decline of -50%. This performance was $-3.47 short of the consensus estimate of $4.84. For the latest four quarters through February 28, E.P.S. were $10.53 compared to $10.17 a year ago — an increase of 4%.
Recent Price Action
Adobe Inc (NASDAQ: ADBE) stock closed at $570.45 on 3/14/24 after a slight decline of -0.5%. Moreover, trading volume in this decline was unusually high at 176% of normal. The stock has risen 5.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ADBE is expected to continue to be a major Value Builder.
Adobe has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Adobe has a poor Appreciation Score of 28 but a good Power Rating of 82, leading to the 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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