Zacks Research Has Bearish Outlook for Adobe FY2027 Earnings

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Adobe Inc. (NASDAQ:ADBE - Free Report) - Zacks Research dropped their FY2027 earnings estimates for Adobe in a report released on Tuesday, August 19th. Zacks Research analyst Team now expects that the software company will earn $21.34 per share for the year, down from their previous estimate of $21.37. The consensus estimate for Adobe's current full-year earnings is $16.65 per share.

ADBE has been the subject of a number of other research reports. Mizuho reduced their price objective on Adobe from $575.00 to $530.00 and set an "outperform" rating for the company in a research report on Friday, June 13th. BMO Capital Markets restated an "outperform" rating and issued a $450.00 price target on shares of Adobe in a research report on Friday, June 13th. Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and reduced their price target for the stock from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Phillip Securities upgraded Adobe from a "moderate sell" rating to a "strong-buy" rating in a research report on Monday, June 16th. Finally, Piper Sandler reduced their price target on Adobe from $600.00 to $500.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $467.58.

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Check Out Our Latest Research Report on Adobe

Adobe Stock Up 1.1%

Adobe stock opened at $361.03 on Wednesday. The stock has a market cap of $153.15 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 1.69 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. Adobe has a one year low of $330.04 and a one year high of $587.75. The stock has a fifty day moving average of $369.56 and a 200 day moving average of $391.35.

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Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the company earned $4.48 EPS. The business's quarterly revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS.

Hedge Funds Weigh In On Adobe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Adobe in the 2nd quarter valued at approximately $2,029,950,000. GAMMA Investing LLC lifted its stake in shares of Adobe by 46,806.6% in the 1st quarter. GAMMA Investing LLC now owns 2,990,767 shares of the software company's stock valued at $1,147,049,000 after purchasing an additional 2,984,391 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company's stock valued at $1,202,979,000 after purchasing an additional 2,347,562 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Adobe by 68.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock valued at $1,754,954,000 after purchasing an additional 1,856,544 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Adobe in the 1st quarter valued at approximately $607,443,000. 81.79% of the stock is owned by institutional investors.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

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