Zacks Research Has Negative Outlook for Adobe Q3 Earnings

Adobe Inc. (NASDAQ:ADBE) – Equities researchers at Zacks Research dropped their Q3 2025 earnings per share estimates for Adobe in a research report issued to clients and investors on Wednesday, April 2nd. Zacks Research analyst R. Department now forecasts that the software company will earn $4.07 per share for the quarter, down from their prior estimate of $4.09. The consensus estimate for Adobe’s current full-year earnings is $16.65 per share.

Other equities research analysts also recently issued reports about the company. Summit Redstone set a $410.00 price objective on Adobe in a research report on Wednesday, March 19th. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Thursday, December 12th. Robert W. Baird cut their price objective on shares of Adobe from $490.00 to $410.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. StockNews.com lowered shares of Adobe from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Oppenheimer cut their price target on shares of Adobe from $560.00 to $530.00 and set an “outperform” rating on the stock in a report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $531.54.

Adobe Price Performance

ADBE stock opened at $367.25 on Friday. Adobe has a 52 week low of $353.12 and a 52 week high of $587.75. The firm has a market capitalization of $156.52 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.15 and a beta of 1.49. The company has a fifty day simple moving average of $427.38 and a two-hundred day simple moving average of $465.15. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.29.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, March 12th. The software company reported $5.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.11. Adobe had a return on equity of 45.87% and a net margin of 25.85%. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.66 billion. During the same period in the prior year, the firm earned $4.48 EPS.

Insiders Place Their Bets

In other Adobe news, EVP Scott Belsky sold 922 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $437.28, for a total transaction of $403,172.16. Following the completion of the transaction, the executive vice president now directly owns 22,153 shares of the company’s stock, valued at approximately $9,687,063.84. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel Durn bought 1,300 shares of Adobe stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $390.58 per share, with a total value of $507,754.00. Following the acquisition, the chief financial officer now owns 29,876 shares of the company’s stock, valued at $11,668,968.08. The trade was a 4.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 5,075 shares of company stock valued at $2,191,826. 0.16% of the stock is currently owned by insiders.

Institutional Trading of Adobe

Several hedge funds and other institutional investors have recently bought and sold shares of ADBE. United Bank boosted its stake in shares of Adobe by 19.7% during the 3rd quarter. United Bank now owns 2,596 shares of the software company’s stock worth $1,344,000 after acquiring an additional 428 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Adobe during the third quarter worth approximately $719,000. IHT Wealth Management LLC grew its holdings in Adobe by 9.0% in the third quarter. IHT Wealth Management LLC now owns 4,907 shares of the software company’s stock valued at $2,531,000 after purchasing an additional 406 shares during the period. Reynders McVeigh Capital Management LLC increased its position in shares of Adobe by 9.8% in the third quarter. Reynders McVeigh Capital Management LLC now owns 1,130 shares of the software company’s stock valued at $585,000 after buying an additional 101 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Adobe by 445.2% during the 3rd quarter. Quarry LP now owns 229 shares of the software company’s stock worth $119,000 after buying an additional 187 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

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.