Adobe(US:ADBE) ZACKS·2024-12-11 23:16Earnings Performance - Adobe reported quarterly earnings of $4.81 per share, beating the Zacks Consensus Estimate of $4.66 per share, representing a 3.22% earnings surprise [1] - This compares to earnings of $4.27 per share a year ago [1] - Over the last four quarters, the company has surpassed consensus EPS estimates four times [2] Revenue Performance - Adobe posted revenues of $5.61 billion for the quarter ended November 2024, surpassing the Zacks Consensus Estimate by 1.24% [2] - This compares to year-ago revenues of $5.05 billion [2] - The company has topped consensus revenue estimates four times over the last four quarters [2] Stock Performance - Adobe shares have lost about 8.3% since the beginning of the year versus the S&P 500's gain of 26.5% [4] - The stock is currently rated Zacks Rank 4 (Sell), indicating expected underperformance in the near future [7] Future Outlook - The current consensus EPS estimate is $4.95 on $5.73 billion in revenues for the coming quarter [8] - For the current fiscal year, the consensus EPS estimate is $20.53 on $23.77 billion in revenues [8] - The sustainability of the stock's immediate price movement will depend on management's commentary on the earnings call [3] Industry Context - Adobe belongs to the Zacks Computer - Software industry, which is currently in the top 32% of the 250 plus Zacks industries [9] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9] Peer Performance - Simulations Plus (SLP), another company in the same industry, is expected to post quarterly earnings of $0.18 per share, representing a year-over-year change of +80% [10] - Simulations Plus' revenues are expected to be $18.69 million, up 28.9% from the year-ago quarter [11]