Adobe (NASDAQ:ADBE) Updates FY 2025 Earnings Guidance

Adobe (NASDAQ:ADBE) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 20.200-20.500 for the period, compared to the consensus earnings per share estimate of 20.530. The company issued revenue guidance of $23.3 billion-$23.6 billion, compared to the consensus revenue estimate of $23.8 billion. Adobe also updated its FY25 guidance to $20.20-20.50 EPS.

Adobe Stock Performance

ADBE traded up $2.88 on Wednesday, reaching $549.93. The company had a trading volume of 5,265,794 shares, compared to its average volume of 3,132,886. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.28. Adobe has a 1 year low of $433.97 and a 1 year high of $638.25. The stock has a market capitalization of $242.08 billion, a PE ratio of 46.42, a P/E/G ratio of 2.52 and a beta of 1.29. The stock has a 50-day moving average price of $505.69 and a 200-day moving average price of $523.17.

Adobe (NASDAQ:ADBE) last announced its earnings results on Wednesday, December 11th. The software company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.14. The business had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Adobe had a net margin of 25.59% and a return on equity of 42.82%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.52 EPS. As a group, research analysts forecast that Adobe will post 14.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Citigroup decreased their price target on Adobe from $616.00 to $590.00 and set a “neutral” rating for the company in a report on Monday. Bank of America reiterated a “buy” rating and set a $640.00 target price on shares of Adobe in a research report on Friday, September 13th. UBS Group reduced their price target on Adobe from $560.00 to $550.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Argus raised Adobe to a “strong-buy” rating in a report on Monday, September 16th. Finally, Piper Sandler reissued an “overweight” rating and issued a $635.00 target price on shares of Adobe in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $600.79.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 676 shares of Adobe stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $484.97, for a total transaction of $327,839.72. Following the transaction, the chief accounting officer now directly owns 2,715 shares of the company’s stock, valued at $1,316,693.55. The trade was a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Amy Banse sold 606 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $550.00, for a total transaction of $333,300.00. Following the completion of the transaction, the director now directly owns 32,929 shares in the company, valued at approximately $18,110,950. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,793 shares of company stock worth $18,069,669. 0.15% of the stock is owned by company insiders.

About Adobe

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.