Adobe will report earnings for the 2024 fiscal-year second quarter after the market close. Analysts expect Adobe's adjusted EPS to come in at $4.39 and revenue to come in at $5.29 billion per data from Benzinga Pro.
Adobe, Inc. ADBE is in the spotlight ahead of earnings Thursday. Here’s what you need to know.
The Details: Adobe will report earnings for the 2024 fiscal-year second quarter after the market closes. Analysts expect Adobe’s adjusted EPS to come in at $4.39 and revenue to come in at $5.29 billion per data from Benzinga Pro.
For the first quarter, Adobe reported adjusted EPS of $4.38 missing analyst estimates of $4.48. In addition, Adobe reported revenue of $5.18 billion beating analyst estimates of $5.14 billion.
How To Buy Adobe Shares
By now you're likely curious about how to participate in the market for Adobe ADBE – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Adobe ADBE, which is trading at $459.87 as of publishing time, $100 would buy you 0.22 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
See Also: Google Waymo Recalls Nearly 700 AVs After One Collides With Pole In Phoenix
ADBE Price Action: Adobe shares are roughly flat at $458.59, according to data from Benzinga Pro.
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