Adobe Set to Post Q3 Earnings: To Buy or Not to Buy the Stock?

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 ...