FMP
Adobe Shares Surge 15% on Q2 Beat & Strong Outlook
Jun 14, 2024 2:21 PM - Davit Kirakosyan
Image credit: FMP
Adobe Systems (NASDAQ:ADBE) exceeded expectations in its second-quarter results and provided optimistic earnings guidance despite a challenging environment for enterprise software. As a result, Adobe’s shares surged over 15% in pre-market today.
Adobe reported Q2 adjusted earnings of $4.48 per share on revenue of $5.31 billion. Analysts had expected earnings of $4.39 per share on revenue of $5.29 billion.
Looking ahead to Q3, Adobe anticipates adjusted earnings per share to range between $4.50 and $4.55, surpassing Wall Street's estimate of $4.48. However, the projected revenue of $5.33 billion to $5.38 billion falls slightly below the expected $5.4 billion.
For the full year, Adobe forecasts earnings per share between $18.00 and $18.20, with revenue expected to be between $21.40 billion and $21.50 billion.
Other Blogs
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
Dec 25, 2023 2:28 AM - Parth Sanghvi
Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model
Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...
