Adobe Systems Inc. (NASDAQ: ADBE) is releasing earnings after the bell today, currently sitting at 140.60 the Street expects good tidings for this company.
Adobe hasn’t missed a guidance since 2013, a testament to a good business model and smart moves, like enacting a shift towards the subscription model over the box sales approach. Strong predictions for both its fiscal 2017 as well as their second quarter release are sure to be driving the stock higher in the last couple of days as Wall Street prepares for, more than likely, solid earnings. Experts are waiting to see a predicted EPS of $0.77 and the chances of even larger growth are possible as the stock was predicted to rise to $146, only slightly above its current standing, meaning it could possibly soar above that benchmark.
Expectations are high as the Marketing Cloud sector of Adobe is also growing with customers such Verizon, UPS and Pandora. There is more than one aspect of this company driving expectations forward, with all signs pointing to a healthy Q2 report, and with it coming out after the bell today better to jump now than later.