We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Adobe (ADBE) to Report Q1 Earnings: What's in the Offing?
Read MoreHide Full Article
Adobe Inc. (ADBE - Free Report) is set to report first-quarter fiscal 2022 results on Mar 22.
For the fiscal first quarter, the company expects non-GAAP earnings of $3.35 per share. The Zacks Consensus Estimate for earnings is pegged at $3.34 per share, indicating growth of 6.4% from the year-ago reported figure.
Adobe projects total revenues of $4.23 billion. The consensus mark for the same is pegged at $4.23 billion, implying growth of 8.3% from the year-ago reported figure.
The company surpassed the Zacks Consensus Estimate in all the trailing four quarters, the earnings surprise being 6.17%, on average.
Solid momentum across Digital Media and Digital Experience segments is likely to have driven top-line growth in the to-be-reported quarter.
Robust Creative Cloud and Document Cloud are expected to have contributed well to the performance of the Digital Media segment in the fiscal first quarter. Adobe expects Digital Media revenues to grow 8% year over year in the fiscal first quarter.
The growing adoption of Adobe Lightroom, Photoshop and creative mobile applications is expected to have accelerated growth in Creative revenues in the quarter under review.
The increasing uptake of Acrobat and strong momentum across Acrobat Web services are anticipated to have contributed well to the Document Cloud revenues.
The increasing demand for data and insights, content and personalization, customer journey management, commerce, and advertising are expected to have benefited the company’s performance in the to-be-reported quarter.
Apart from Digital Media, Adobe’s strength in the Digital Marketing business is expected to have continued driving its top-line growth in the soon-to-be-reported quarter.
Strong momentum across Adobe Experience Cloud on the heels of the rising adoption of Adobe Marketing Cloud, Adobe Analytics Cloud and Adobe Advertising Cloud is expected to have benefited Adobe’s business in the quarter under review.
The company anticipates Digital Experience revenues to grow 11% on a year-over-year basis. Digital Experience subscription revenues are likely to increase 16% year over year.
However, lower end-market demand is anticipated to have been an overhang. Further, the impacts of high acquisition expenses are expected to get reflected in the upcoming results of the company.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Adobe this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Adobe has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold).
Stocks to Consider
Here are some stocks that you may consider as our model shows that these have the right combination of elements to beat on earnings.
Advanced Micro Devices is expected to release first-quarter fiscal 2022 results on Apr 26. The Zacks Consensus Estimate for AMD’s earnings is pegged at 91 cents per share, indicating a 75% rise from the year-ago reported number.
Apple (AAPL - Free Report) has an Earnings ESP of +3.93% and a Zacks Rank #1 at present.
Apple is expected to release second-quarter fiscal 2022 results on Apr 27. The Zacks Consensus Estimate for AAPL’s earnings is pegged at $1.43 per share, which suggests an increase of 2.14% from the prior-year reported figure.
Alphabet (GOOGL - Free Report) has an Earnings ESP of +8.62% and a Zacks Rank of 3 at present.
Alphabet is expected to release first-quarter 2022 results on Apr 26. The Zacks Consensus Estimate for GOOGL’s earnings is pegged at $25.64 per share.
Image: Bigstock
Adobe (ADBE) to Report Q1 Earnings: What's in the Offing?
Adobe Inc. (ADBE - Free Report) is set to report first-quarter fiscal 2022 results on Mar 22.
For the fiscal first quarter, the company expects non-GAAP earnings of $3.35 per share. The Zacks Consensus Estimate for earnings is pegged at $3.34 per share, indicating growth of 6.4% from the year-ago reported figure.
Adobe projects total revenues of $4.23 billion. The consensus mark for the same is pegged at $4.23 billion, implying growth of 8.3% from the year-ago reported figure.
The company surpassed the Zacks Consensus Estimate in all the trailing four quarters, the earnings surprise being 6.17%, on average.
Adobe Inc. Price and EPS Surprise
Adobe Inc. price-eps-surprise | Adobe Inc. Quote
Factors to Consider
Solid momentum across Digital Media and Digital Experience segments is likely to have driven top-line growth in the to-be-reported quarter.
Robust Creative Cloud and Document Cloud are expected to have contributed well to the performance of the Digital Media segment in the fiscal first quarter. Adobe expects Digital Media revenues to grow 8% year over year in the fiscal first quarter.
The growing adoption of Adobe Lightroom, Photoshop and creative mobile applications is expected to have accelerated growth in Creative revenues in the quarter under review.
The increasing uptake of Acrobat and strong momentum across Acrobat Web services are anticipated to have contributed well to the Document Cloud revenues.
The increasing demand for data and insights, content and personalization, customer journey management, commerce, and advertising are expected to have benefited the company’s performance in the to-be-reported quarter.
Apart from Digital Media, Adobe’s strength in the Digital Marketing business is expected to have continued driving its top-line growth in the soon-to-be-reported quarter.
Strong momentum across Adobe Experience Cloud on the heels of the rising adoption of Adobe Marketing Cloud, Adobe Analytics Cloud and Adobe Advertising Cloud is expected to have benefited Adobe’s business in the quarter under review.
The company anticipates Digital Experience revenues to grow 11% on a year-over-year basis. Digital Experience subscription revenues are likely to increase 16% year over year.
However, lower end-market demand is anticipated to have been an overhang. Further, the impacts of high acquisition expenses are expected to get reflected in the upcoming results of the company.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Adobe this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Adobe has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold).
Stocks to Consider
Here are some stocks that you may consider as our model shows that these have the right combination of elements to beat on earnings.
Advanced Micro Devices (AMD - Free Report) currently sports a Zacks Rank #1 and has an Earnings ESP of +1.46%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Advanced Micro Devices is expected to release first-quarter fiscal 2022 results on Apr 26. The Zacks Consensus Estimate for AMD’s earnings is pegged at 91 cents per share, indicating a 75% rise from the year-ago reported number.
Apple (AAPL - Free Report) has an Earnings ESP of +3.93% and a Zacks Rank #1 at present.
Apple is expected to release second-quarter fiscal 2022 results on Apr 27. The Zacks Consensus Estimate for AAPL’s earnings is pegged at $1.43 per share, which suggests an increase of 2.14% from the prior-year reported figure.
Alphabet (GOOGL - Free Report) has an Earnings ESP of +8.62% and a Zacks Rank of 3 at present.
Alphabet is expected to release first-quarter 2022 results on Apr 26. The Zacks Consensus Estimate for GOOGL’s earnings is pegged at $25.64 per share.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.