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Adobe Systems (ADBE) Stock Moves -0.24%: What You Should Know
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Adobe Systems (ADBE - Free Report) closed at $253.74 in the latest trading session, marking a -0.24% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the software maker had gained 8.04% over the past month, lagging the Computer and Technology sector's gain of 10.32% and outpacing the S&P 500's gain of 8.01% in that time.
Investors will be hoping for strength from ADBE as it approaches its next earnings release. The company is expected to report EPS of $1.61, up 3.87% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.54 billion, up 22.28% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.77 per share and revenue of $11.15 billion, which would represent changes of +14.94% and +23.44%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ADBE. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ADBE is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, ADBE currently has a Forward P/E ratio of 32.73. Its industry sports an average Forward P/E of 28.18, so we one might conclude that ADBE is trading at a premium comparatively.
Meanwhile, ADBE's PEG ratio is currently 2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 2.12 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Adobe Systems (ADBE) Stock Moves -0.24%: What You Should Know
Adobe Systems (ADBE - Free Report) closed at $253.74 in the latest trading session, marking a -0.24% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.87%, and the tech-heavy Nasdaq lost 1.18%.
Heading into today, shares of the software maker had gained 8.04% over the past month, lagging the Computer and Technology sector's gain of 10.32% and outpacing the S&P 500's gain of 8.01% in that time.
Investors will be hoping for strength from ADBE as it approaches its next earnings release. The company is expected to report EPS of $1.61, up 3.87% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.54 billion, up 22.28% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.77 per share and revenue of $11.15 billion, which would represent changes of +14.94% and +23.44%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for ADBE. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ADBE is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, ADBE currently has a Forward P/E ratio of 32.73. Its industry sports an average Forward P/E of 28.18, so we one might conclude that ADBE is trading at a premium comparatively.
Meanwhile, ADBE's PEG ratio is currently 2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Computer - Software industry currently had an average PEG ratio of 2.12 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.