Core Viewpoint - Adobe Inc is preparing for its fiscal third-quarter earnings report, with Wall Street expecting earnings of $5.17 per share and revenue of $5.9 billion, indicating year-over-year increases of 11.2% and 9% respectively [1] Group 1: Earnings Expectations - Wall Street anticipates earnings of $5.17 per share on revenue of $5.9 billion for the upcoming earnings report [1] - This represents a year-over-year increase of 11.2% in earnings and 9% in revenue [1] Group 2: Stock Performance and Market Sentiment - Adobe stock has historically struggled post-earnings, finishing lower after the last four reports and only closing higher once in the past two years [2] - The options market is pricing in a 14.8% swing for Adobe stock on September 12, which is higher than the average 10% move over the last eight reports [2] - The 10-day put/call ratio for Adobe is 0.98, placing it in the 98th percentile of annual readings, indicating increased put buying [3] Group 3: Technical Analysis - The stock is currently facing pressure at the $363 level and the 60-day moving average, struggling to rebound from a two-year low of $330.04 [4] - As of the latest data, Adobe's stock is down 1.3% at $349.64, reflecting a year-to-date deficit of 21.3% [4]
Can Adobe Stock Snap its Post-Earnings Losing Streak?