Adobe Systems Inc. (NASDAQ: ADBE) will report its fiscal first-quarter financial results Tuesday after the markets close. Thomson Reuters has consensus estimates of $0.39 in earnings per share (EPS) on $1.08 billion in revenue. In the same period of the previous year, the company posed EPS of $0.30 and revenue of $1.00 billion.
Following Adobe’s last earnings report, its shares hit a new multiyear high. Can Adobe do it again? Its shares are just below the current 52-week high, and it has been making a solid push since the beginning of February, having only fallen off briefly one time but quickly recovering.
In the most recent quarter, Adobe’s chief financial officer made a strong call for 2015. He expects that revenue and earnings will grow sequentially every quarter during the year. If that is the case, a confident outlook from management is a good sign, but the guidance in cold hard numbers was lacking. There is still the question of how much growth is enough to please investors and analysts.
Deutsche Bank for one took a very positive view on Adobe the week before earnings were reported. The firm reiterated a Buy rating with a price target of $85, implying an upside of 8.3% from current prices. The upside is roughly in line with the stock’s consensus analyst price target of $84.67.
The 50-day moving average (MA) is currently at $74.54, and it was tested the entirety of January before shares shot up in mid-February. During January, the 200-day MA acted as support and shares bounced off it a couple times. The 200-day MA reads at $71.35.
Tuesday morning, shares of Adobe were relatively flat at $78.48 in a 52-week trading range of $57.15 to $80.30.
ALSO READ: 4 Tech Stocks Benefiting From Huge Computer Services and IT Consulting Demand
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.