Adobe (NASDAQ:ADBE) Updates Q1 2025 Earnings Guidance

Adobe (NASDAQ:ADBE) updated its first quarter 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.950-5.000 for the period, compared to the consensus earnings per share estimate of 4.940. The company issued revenue guidance of $5.6 billion-$5.7 billion, compared to the consensus revenue estimate of $5.7 billion. Adobe also updated its FY 2025 guidance to 20.200-20.500 EPS.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of research analyst reports. StockNews.com raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Oppenheimer reiterated an “outperform” rating and issued a $625.00 target price on shares of Adobe in a report on Friday, September 13th. BMO Capital Markets upped their price objective on shares of Adobe from $580.00 to $600.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JMP Securities reiterated a “market perform” rating on shares of Adobe in a report on Friday, September 13th. Finally, Sanford C. Bernstein cut their price target on Adobe from $660.00 to $644.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $600.79.

Adobe Price Performance

Adobe stock traded up $2.88 during midday trading on Wednesday, hitting $549.93. 5,265,794 shares of the company’s stock were exchanged, compared to its average volume of 3,132,886. The stock has a 50-day moving average price of $505.69 and a two-hundred day moving average price of $523.17. Adobe has a 52-week low of $433.97 and a 52-week high of $638.25. The company has a market cap of $242.08 billion, a P/E ratio of 46.42, a PEG ratio of 2.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.11 and a current ratio of 1.11.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Wednesday, December 11th. The software company reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.14. Adobe had a net margin of 25.59% and a return on equity of 42.82%. The business had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the previous year, the company earned $3.52 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Adobe will post 14.82 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Daniel Durn sold 6,500 shares of Adobe stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $515.44, for a total transaction of $3,350,360.00. Following the completion of the transaction, the chief financial officer now directly owns 20,838 shares in the company, valued at approximately $10,740,738.72. This trade represents a 23.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Banse sold 606 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $550.00, for a total transaction of $333,300.00. Following the sale, the director now owns 32,929 shares of the company’s stock, valued at approximately $18,110,950. This represents a 1.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,793 shares of company stock worth $18,069,669 in the last ninety days. 0.15% of the stock is owned by 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.