William Blair Has Optimistic Outlook of Adobe Q1 Earnings

Adobe Inc. (NASDAQ:ADBE) – William Blair increased their Q1 2026 earnings per share (EPS) estimates for Adobe in a research report issued to clients and investors on Tuesday, November 18th. William Blair analyst J. Roberge now expects that the software company will earn $4.50 per share for the quarter, up from their previous forecast of $4.49. The consensus estimate for Adobe’s current full-year earnings is $16.65 per share. William Blair also issued estimates for Adobe’s Q2 2026 earnings at $4.73 EPS, Q3 2026 earnings at $4.91 EPS, Q4 2026 earnings at $5.10 EPS and FY2026 earnings at $19.23 EPS.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.13. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS.

ADBE has been the topic of several other research reports. Barclays set a $465.00 price target on Adobe and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Morgan Stanley lowered Adobe from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $520.00 to $450.00 in a research report on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research note on Wednesday, October 8th. JMP Securities restated a “market perform” rating on shares of Adobe in a research note on Friday, September 12th. Finally, Piper Sandler dropped their target price on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

Shares of ADBE opened at $324.47 on Wednesday. Adobe has a fifty-two week low of $320.80 and a fifty-two week high of $557.90. The firm’s 50-day simple moving average is $345.35 and its two-hundred day simple moving average is $366.32. The stock has a market cap of $135.82 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02.

Institutional Trading of Adobe

Large investors have recently modified their holdings of the company. 1248 Management LLC purchased a new stake in shares of Adobe during the 1st quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Adobe during the third quarter valued at approximately $26,000. LSV Asset Management increased its holdings in Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after buying an additional 56 shares during the last quarter. Caitlin John LLC bought a new position in Adobe in the third quarter worth approximately $28,000. Finally, Flaharty Asset Management LLC bought a new position in Adobe in the first quarter worth approximately $29,000. Institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Adobe Company Profile

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.