Adobe Systems (ADBE) Stock Sinks As Market Gains: Here's Why

Group 1 - Adobe Systems' stock closed at $437.28, showing a slight decline of -0.01% from the previous day, underperforming compared to the S&P 500's gain of 0.53% [1] - The stock has decreased by 2.37% over the past month, while the Computer and Technology sector gained 3.02% and the S&P 500 increased by 2.69% [1] Group 2 - Upcoming financial results for Adobe are expected to show an EPS of$ 4.97, a 10.94% increase year-over-year, with projected revenue of $5.65 billion, reflecting a 9.11% rise [2] - Full-year estimates predict earnings of$ 20.39 per share and revenue of $23.45 billion, indicating year-over-year changes of +10.69% and +9.04% respectively [3] Group 3 - Recent analyst estimate revisions for Adobe indicate evolving short-term business trends, with positive revisions suggesting confidence in the company's performance [4] - Adjustments in estimates are linked to stock price performance, and investors can utilize the Zacks Rank for actionable insights [5] Group 4 - Adobe currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having increased by 0.07% in the past month [6] - The company has a Forward P/E ratio of 21.44, which is lower than the industry's average of 31.4, and a PEG ratio of 1.73 compared to the industry's average PEG ratio of 2.46 [7] Group 5 - The Computer - Software industry, which includes Adobe, ranks 165 in the Zacks Industry Rank, placing it in the bottom 35% of over 250 industries [8]