EPS for Adobe Systems Incorporated (ADBE) Expected At $1.39

August 15, 2018 - By Elizabeth Bryant

Adobe Systems Incorporated (NASDAQ:ADBE) LogoInvestors sentiment increased to 0.9 in Q1 2018. Its up 0.01, from 0.89 in 2017Q4. It increased, as 35 investors sold Adobe Systems Incorporated shares while 418 reduced holdings. 136 funds opened positions while 271 raised stakes. 405.65 million shares or 1.16% less from 410.42 million shares in 2017Q4 were reported.
Gemmer Asset Ltd Liability Corp reported 47,793 shares. Lockheed Martin reported 0.12% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Mackay Shields Llc has invested 0.22% in Adobe Systems Incorporated (NASDAQ:ADBE). Los Angeles Cap And Equity Research Inc holds 832,786 shares or 1.02% of its portfolio. Wright Invsts reported 2,912 shares or 0.22% of all its holdings. Weatherly Asset Lp, California-based fund reported 48,021 shares. Rosenblum Silverman Sutton S F Ca has 4.28% invested in Adobe Systems Incorporated (NASDAQ:ADBE). Destination Wealth Mgmt, a California-based fund reported 498,572 shares. Keybank Association Oh accumulated 0.02% or 18,836 shares. Arrow Financial reported 0.17% of its portfolio in Adobe Systems Incorporated (NASDAQ:ADBE). Moreover, Kelly Lawrence W Associates Ca has 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 424 shares. Tci Wealth Advisors holds 0.03% or 340 shares in its portfolio. Moreover, Point72 Asset Mngmt Lp has 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 23,222 shares. Rocky Mountain Advisers Ltd Co has 0.02% invested in Adobe Systems Incorporated (NASDAQ:ADBE) for 25 shares. Korea Investment owns 598,819 shares.

Since March 19, 2018, it had 0 insider purchases, and 12 selling transactions for $20.15 million activity. $1.53M worth of Adobe Systems Incorporated (NASDAQ:ADBE) was sold by GESCHKE CHARLES M. Rencher Bradley had sold 15,000 shares worth $3.94 million on Wednesday, July 25. WARNOCK JOHN E had sold 3,000 shares worth $671,316 on Wednesday, April 11. $2.73M worth of stock was sold by Parasnis Abhay on Friday, July 20.

Analysts expect Adobe Systems Incorporated (NASDAQ:ADBE) to report $1.39 EPS on September, 18.They anticipate $0.49 EPS change or 54.44 % from last quarter’s $0.9 EPS. ADBE’s profit would be $680.63 million giving it 45.06 P/E if the $1.39 EPS is correct. After having $1.38 EPS previously, Adobe Systems Incorporated’s analysts see 0.72 % EPS growth. The stock decreased 2.16% or $5.53 during the last trading session, reaching $250.52. About 2.40 million shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 70.50% since August 16, 2017 and is uptrending. It has outperformed by 57.93% the S&P500.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Coverage

Among 18 analysts covering Adobe (NASDAQ:ADBE), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Adobe had 26 analyst reports since March 12, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Friday, June 15 by Rosenblatt. The firm earned “Overweight” rating on Thursday, March 15 by Barclays Capital. The company was maintained on Friday, March 16 by Guggenheim. The firm has “Buy” rating given on Friday, June 15 by Canaccord Genuity. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Buy” rating by Canaccord Genuity on Friday, March 16. The stock of Adobe Systems Incorporated (NASDAQ:ADBE) earned “Overweight” rating by KeyBanc Capital Markets on Friday, March 16. The stock has “Buy” rating by Stifel Nicolaus on Friday, June 15. The rating was maintained by Bank of America on Tuesday, March 13 with “Buy”. The firm earned “Buy” rating on Tuesday, May 22 by Robert W. Baird. The stock has “Buy” rating by Stifel Nicolaus on Monday, March 12.

Adobe Systems Incorporated operates as a diversified software firm worldwide. The company has market cap of $122.67 billion. The Company’s Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content. It has a 57.74 P/E ratio. This segmentÂ’s flagship product is Creative Cloud, a subscription service that allows clients to download and install the latest versions of its creative products.

More notable recent Adobe Systems Incorporated (NASDAQ:ADBE) news were published by: Seekingalpha.com which released: “The latest portfolio moves by Third Point” on August 13, 2018, also Seekingalpha.com with their article: “Sustainability And Disruption: Natural Twins” published on August 15, 2018, Seekingalpha.com published: “Could Apple Still Be Undervalued? (With Investing City)” on August 08, 2018. More interesting news about Adobe Systems Incorporated (NASDAQ:ADBE) were released by: Investorplace.com and their article: “7 Internet Stocks to Buy on a 2018 Pullback” published on August 15, 2018 as well as Finance.Yahoo.com‘s news article titled: “18 High-Growth Stocks With Massive Upside Ahead” with publication date: August 15, 2018.

Adobe Systems Incorporated (NASDAQ:ADBE) Ratings Chart

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