While the swings have been large (high volatility) $ADBE has been consolidating for just over 8 months. Adobe reported earnings on March 23 and beat expectations. As you know, it's been a tough market. However, if/when the market firms up $ADBE could very well be a runner. I have an alert set on the short downtrend line. If it can break that with some volume, I'll be looking to open a position. ALL TBD. Ideas not investing / trading advice.
From earningswhispers.com:
Adobe Systems Beats
Adobe Systems (ADBE) reported 1st Quarter February 2021 earnings of $3.12 per share on revenue of $3.9 billion. The consensus earnings estimate was $2.79 per share on revenue of $3.8 billion. The Earnings Whisper number was $2.85 per share. Revenue grew 26.3% on a year-over-year basis.
The company said it expects second quarter non-GAAP earnings of approximately $2.81 per share on revenue of approximately $3.72 billion. The current consensus earnings estimate is $2.70 per share on revenue of $3.70 billion for the quarter ending May 31, 2021. The company also said it now expects fiscal 2021 earnings of approximately $11.85 per share on revenue of approximately $15.45 billion. The company's previous guidance was earnings of approximately $11.20 per share on revenue of approximately $15.15 billion and the current consensus earnings estimate is $11.26 per share on revenue of $15.20 billion for the year ending November 30, 2021.
Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
From earningswhispers.com:
Adobe Systems Beats
Adobe Systems (ADBE) reported 1st Quarter February 2021 earnings of $3.12 per share on revenue of $3.9 billion. The consensus earnings estimate was $2.79 per share on revenue of $3.8 billion. The Earnings Whisper number was $2.85 per share. Revenue grew 26.3% on a year-over-year basis.
The company said it expects second quarter non-GAAP earnings of approximately $2.81 per share on revenue of approximately $3.72 billion. The current consensus earnings estimate is $2.70 per share on revenue of $3.70 billion for the quarter ending May 31, 2021. The company also said it now expects fiscal 2021 earnings of approximately $11.85 per share on revenue of approximately $15.45 billion. The company's previous guidance was earnings of approximately $11.20 per share on revenue of approximately $15.15 billion and the current consensus earnings estimate is $11.26 per share on revenue of $15.20 billion for the year ending November 30, 2021.
Adobe Systems Inc offers a line of software and services used by creative professionals, marketers, developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling operating systems.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.