fbpx
12.3 C
London
Saturday, April 17, 2021

ADBE Predicted To Have Have An EPS Of $2.79

Several brokerages from Wall Street have predicted that the stocks of ADBE will have an EPS of $2.79 on the quarter. According to a report from Zacks Investment Research, eight investment analysts have already provided estimates into the earnings of the company. The ball has been rolled at an EPS of $2.62, with the highest range coming in at $2.62. The EPS reported by the company the previous year was $2.45- which is indicative of an annual growth rate of about 13.9%. The company will be posting their next results of earnings on the 10th of June. 

The Quarterly Estimate of ADBE

The stocks of ADBE previously reported their quarterly result on the 22nd of March. The company dealing in software reported an EPS of around $3.14 for that quarter- which was more than the consensus estimate of around $2.79. The net margin of the company was 40.88%, with a 35.81% return on its equity. The revenue earned by the company over the quarter was $3.91 billion which was more than the consensus estimate of around $3.76 billion. 

- Advertisement -

There have been several research equities that have commented on the stocks of ADBE. The Royal Bank of Canada has already increased the price objective of the company from a target of $570 to $575, with a rating of outperform in an 11th December research report. Griffin Securities also brought up a rating of buy with a target of $597 on the stocks of the company.

Barclays went ahead and issued a rating of buy with a price target of $605 in a 13th December research note. Morgan Stanely went down the same road with a price target increased from $560 to $575 with a rating of overweight. In the end, BMO Capital Markets also reduced the price target of the company from $570 to $535 with a rating of outperform in a Tuesday research report. 

One of the research analysts covering the firm gave the stocks a rating of sell, while four of them gave it a rating of hold. Nineteen other investment analysts gave the company a rating of buy. Currently, ADBE has a buy rating with a $547.58 price target.

- Advertisement -

Follow Us

16,985FansLike
4,865FollowersFollow
1,643FollowersFollow

Latest news