Adobe Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Adobe Inc. ADBE is set to release second-quarter financial results, after the closing bell on Thursday.

Analysts expect the San Jose, California-based company to report quarterly earnings at $4.39 per share, up from $3.91 per share in the year-ago period. Adobe is expected to post revenue of $5.29 billion, according to data from Benzinga Pro.

On March 14, Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the current quarter.

Adobe shares fell 0.6% to close at $459.87 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• TD Cowen analyst Derrick Wood maintained a Buy rating and cut the price target from $640 to $625 on June 10. This analyst has an accuracy rate of 69%.
• Citigroup analyst Tyler Radke maintained a Neutral rating and slashed the price target from $554 to $529 on June 10. This analyst has an accuracy rate of 66%.
• Mizuho analyst Gregg Moskowitz reiterated a Buy rating and cut the price target from $680 to $640 on June 7. This analyst has an accuracy rate of 69%.
• BMO Capital analyst Keith Bachman maintained an Outperform rating and slashed the price target from $610 to $525 on June 6. This analyst has an accuracy rate of 79%.
• Oppenheimer analyst Brian Schwartz maintained an Outperform rating and cut the price target from $660 to $580 on June 6. This analyst has an accuracy rate of 70%.

Read This Next: Jim Cramer Likes This Energy Stock With 4% Yield, Recommends Buying DraftKings