Adobe Tops Q1 Estimates; Outlook Mixed
Software giant (NASDAQ:ADBE) reported fiscal 2025 first-quarter earnings on Wednesday, March 12, that topped analysts' consensus expectations. Q1 revenue of $5.71 billion rose 10.2% year over year and bested the estimate of $5.66 billion. Adjusted earnings per share (EPS) in Q1 stood at $5.08, outpacing the anticipated $4.97.
This quarter reflected robust growth, driven by strong performances in its core segments: Digital Media and Digital Experience. Management's forward guidance, however, was mixed.
Source: Adobe. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. ARR = Annualized recurring revenue.
Source Fool.com
Adobe Inc. Stock
€301.30
1.760%
Our community is currently high on Adobe Inc. with 59 Buy predictions and 5 Sell predictions.
With a target price of 426 € there is a positive potential of 41.39% for Adobe Inc. compared to the current price of 301.3 €.
