Adobe’s (ADBE) third-quarter fiscal 2024 results, scheduled to be released on Sept. 12, are likely to reflect the strength of its Digital Media segment.Digital Media has been the key driver behind the company’s growth, backed by its Creative family of products and Document Services products.The company’s persistent efforts to strengthen its content management capabilities are expected to have continued to drive growth in the Digital Media segment in the to-be-reported quarter.The segment under discussion ge ...

Adobe (ADBE) is scheduled to report its third-quarter fiscal 2024 results on Sept. 12.For the third quarter of fiscal 2024, ADBE projects total revenues between $5.33 billion and $5.38 billion. The Zacks Consensus Estimate for revenues is pegged at $5.37 billion, suggesting growth of 9.7% from the year-ago quarter’s reported figure.Management expects non-GAAP earnings per share between $4.50 and $4.55. The consensus mark for earnings is pegged at $4.53 per share, indicating a 10.8% rise from the year-ago pe ...

Wall Street analysts forecast that Adobe Systems (ADBE) will report quarterly earnings of $4.53 per share in its upcoming release, pointing to a year-over-year increase of 10.8%. It is anticipated that revenues will amount to $5.37 billion, exhibiting an increase of 9.7% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial p ...

  Analyst Estimates for Q3 2024 Q2 2024 Q3 2023 Revenue $5.37 billion $5.31 billion $4.89 billion Diluted EPS $3.51 $3.49 $3.05 Net Income $1.57 billion $1.57 billion $1.4 billion Key Metric: Digital Media Revenue  Adobe’s Digital Media arm, which includes Creative Cloud subscriptions, delivered net-new annualized recurring revenue (ARR) of $487 million in the second quarter, up from $470 million a year earlier. The gains helped Adobe post better-than-expected results, sending shares up over 14% the day ...

Adobe Systems (ADBE) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this software maker have returned +4.3% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Computer - Software industry, to which Adobe belongs, has lost 1.7% over this period. Now the key question is: Where could the stock be headed in the near term?Although media report ...

Stock-split euphoria has taken hold on Wall Street, and these two sensational businesses may be next to join an exclusive group of stock-split stocks.Although artificial intelligence (AI) has been the clear-cut next-big-thing trend driving Wall Street's major stock indexes to record-closing highs in 2024, don't overlook the equally important role stock-split euphoria has played in lifting equities.Stock splits are a tool publicly traded companies have at their disposal that allows them to cosmetically adjus ...

In the latest market close, Adobe Systems (ADBE) reached $559.44, with a +0.2% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.32%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq depreciated by 0.85%.Shares of the software maker have appreciated by 2.92% over the course of the past month, outperforming the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.52%.Analysts and investors alike will be keeping a close eye on the ...

CHINA - 2024/06/21: In this photo illustration, the American multinational computer multimedia and ... [+] creativity software company Adobe (NASDAQ: ADBE) logo seen displayed on a smartphone with an economic stock exchange index graph in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAdobe stock has been trading sideways this year, declining by about 4% year-to-date. This compares to the Nasdaq-100, which has gained abo ...

Adobe (ADBE) shares have lost 6.4% in the year-to-date period, underperforming the Zacks Computer-Software industry’s growth of 10%, the broader Zacks Computer & Technology sector's return of 22.4% and the S&P 500 index’s rise of 18.2%. The drop comes amid broader market uncertainties.ADBE has been suffering from a challenging macroeconomic environment, with high oil prices and elevated interest rates. Fears of a looming U.S. recession are certainly weighing on tech stocks, including ADBE. The ongoing Russi ...

One of the pioneers in the space is poised to profit as the adoption of AI software accelerates.Most experts agree there's been a paradigm shift in technology thanks to the latest developments in artificial intelligence (AI). Recent advances in generative AI have paved the way for a multitude of new use cases, as these systems can generate original content, handle menial tasks, streamline time-consuming procedures, and automate processes -- all with a few simple keystrokes. This promises a giant leap forwar ...