ADBE
$103.36
Adobe Systems
$1.81
1.78%

Earnings History

Earnings
Revenue
Reaction
Drift
In-line Guidance
Q 02/2012
12/15/2011
4:05:02 PM
$0.54 to $0.59
$0.57
$1.05 bill
6.6%
2.0%
Guidance:
Consensus:
Adobe Systems Guides In-line

Adobe Systems, Inc. said it expects first quarter non-GAAP earnings of $0.54 to $0.59 per share on revenue of $1.025 billion to $1.075 billion. The current consensus earnings estimate is $0.57 per share on revenue of $1.05 billion for the quarter ending February 29, 2012. The company said it expects 2012 earnings of $2.37 to $2.47 per share. The current consensus earnings estimate is $2.43 per share for the year ending November 30, 2012.
In-line Guidance
FY 2012
3/19/2012
4:05:01 PM
$2.38 to $2.48
$2.42
-3.9%
3.7%
Guidance:
Consensus:
Adobe Systems Guides In-line

Adobe Systems, Inc. said it expects second quarter non-GAAP earnings of $0.57 to $0.61 per share on revenue of $1.09 billion to $1.14 billion. The current consensus earnings estimate is $0.60 per share on revenue of $1.10 billion for the quarter ending May 31, 2012. The company said it now expects 2012 earnings of $2.38 to $2.48 per share. The company's previous guidance was earnings of $2.37 to $2.47 per share and the current consensus earnings estimate is $2.42 per share for the year ending November 30, 2012.
Narows Guidance
FY 2012
6/19/2012
4:05:00 PM
$2.40 to $2.46
$2.44
-2.7%
2.4%
Guidance:
Consensus:
Adobe Narrows Guidance

Adobe Systems, Inc. said it expects third quarter non-GAAP earnings of $0.56 to $0.61 per share on revenue of $1.075 billion to $1.125 billion. The current consensus earnings estimate is $0.61 per share on revenue of $1.13 billion for the quarter ending August 31, 2012. The company said it expects 2012 earnings of $2.40 to $2.46 per share. The company's previous guidance was earnings of $2.38 to $2.48 per share and the current consensus earnings estimate is $2.44 per share for the year ending November 30, 2012.
EPS Below Estimates
Q 11/2012
9/19/2012
4:03:00 PM
$0.53 to $0.58
$0.67
$1.21 bill
4.3%
-2.5%
Guidance:
Consensus:
Adobe Systems Sees Earnings Below Estimates

Adobe Systems, Inc. said it expects fourth quarter non-GAAP earnings of $0.53 to $0.58 per share on revenue of $1.075 billion to $1.125 billion. The current consensus earnings estimate is $0.67 per share on revenue of $1.21 billion for the quarter ending November 30, 2012.
EPS & Revenue Below Estimates
Q 02/2013
12/13/2012
4:03:00 PM
$0.26 to $0.32
$0.456
$1.07 bill
5.7%
1.4%
Guidance:
Consensus:
Adobe Guides Below Estimates

Adobe Systems, Inc. said in its earnings presentation it expects first quarter non-GAAP earnings of $0.26 to $0.32 per share on revenue of $950.0 million to $1.0 billion. The current consensus earnings estimate is $0.456 per share on revenue of $1.07 billion for the quarter ending February 28, 2013. The company also said it expects 2013 earnings of approximately $1.40 per share on revenue of approximately $4.10 billion. The current consensus earnings estimate is $2.36 per share on revenue of $4.48 billion for the year ending November 30, 2013.
EPS Above Estimates
FY 2013
3/19/2013
4:02:00 PM
$1.45
$4.10 bil
$1.41
$4.11 bil
4.2%
-0.1%
Guidance:
Consensus:
Adobe Systems Raises Earnings Guidance

Adobe Systems, Inc. said in its earnings presentation it expects second quarter non-GAAP earnings of $0.29 to $0.35 per share on revenue of $975.0 million to $1.025 billion. The current consensus earnings estimate is $0.34 per share on revenue of $1.02 billion for the quarter ending May 31, 2013. The company also said it now expects fiscal 2013 earnings of approximately $1.45 per share and continues to expect revenue of approximately $4.10 billion. The company's previous guidance was earnings of approximately $1.40 per share and the current consensus earnings estimate is $1.41 per share on revenue of $4.11 billion for the year ending November 30, 2013.
Reaffirms
FY 2013
5/6/2013
8:30:02 AM
$1.45
$4.10 bil
$1.44
$4.12 bil
-1.1%
-7.2%
Guidance:
Consensus:
Adobe Systems Reaffirms

Adobe Systems, Inc. said it continues to expect second quarter non-GAAP earnings of $0.29 to $0.35 per share on revenue of $975.0 million to $1.025 billion. The current consensus earnings estimate is $0.34 per share on revenue of $1.01 billion for the quarter ending May 31, 2013. The company also said it continues to expect fiscal 2013 earnings of approximately $1.45 per share on revenue of approximately $4.10 billion. The current consensus earnings estimate is $1.44 per share on revenue of $4.12 billion for the year ending November 30, 2013.
In-line Guidance
Q 08/2013
6/18/2013
4:05:01 PM
$0.29 to $0.35
$0.35
$1.01 bill
5.6%
-1.6%
Guidance:
Consensus:
Adobe Guides In-line

Adobe Systems, Inc. said in its conference call slides it expects third quarter non-GAAP earnings of $0.29 to $0.35 per share on revenue of $975.0 million to $1.25 billion. The current consensus earnings estimate is $0.35 per share on revenue of $1.01 billion for the quarter ending August 31, 2013. The company also said it continues to expect fiscal 2013 earnings of approximately $1.45 per share on revenue of approximately $4.10 billion. The current consensus earnings estimate is $1.44 per share on revenue of $4.11 billion for the year ending November 30, 2013.
EPS & Revenue Below Estimates
Q 11/2013
9/17/2013
4:05:00 PM
$0.28 to $0.34
$0.41
$1.08 bill
9.2%
0.4%
Guidance:
Consensus:
Adobe Systems, Inc.

Adobe Systems, Inc. said in its conference call slides it expects fourth quarter non-GAAP earnings of $0.28 to $0.34 per share on revenue of $1.00 billion to $1.05 billion. The current consensus earnings estimate is $0.41 per share on revenue of $1.08 billion for the quarter ending November 30, 2013.
EPS & Revenue Below Estimates
FY 2014
12/12/2013
4:05:01 PM
$1.10
12.8%
2.1%
Guidance:
Consensus:
Adobe Systems Guides Below Estimates

Adobe Systems, Inc. said it expects first quarter non-GAAP earnings of $0.22 to $0.28 per share on revenue of $950.0 million to $1.0 billion and expects fiscal 2014 non-GAAP earnings of approximately $1.10 per share on revenue of approximately $4.06 billion. The current consensus earnings estimate is $0.33 per share on revenue of $1.01 billion for the quarter ending February 28, 2014 and earnings of $1.60 per share on revenue of $4.36 billion for the year ending November 30, 2014.
EPS In-line/Revenue Above
Q 05/2014
3/18/2014
4:05:23 PM
$0.26 to $0.32
$0.27
$990.4 mill
-1.3%
-7.4%
Guidance:
Consensus:
Adobe Systems Sees Revenue Above Estimates

Adobe Systems, Inc. said in its conference call slides it expects second quarter non-GAAP earnings of $0.26 to $0.32 per share on revenue of $1.00 billion to $1.05 billion. The current consensus earnings estimate is $0.27 per share on revenue of $990.4 million for the quarter ending May 31, 2014.
In-line Guidance
Q 08/2014
6/17/2014
4:15:07 PM
$0.22 to $0.28
$0.27
$1.02 bill
8.2%
-1.9%
Guidance:
Consensus:
Adobe Systems Guides In-line

Adobe Systems, Inc. said in its conference call presentation it expects third quarter non-GAAP earnings of $0.22 to $0.28 per share on revenue of $975.0 million to $1.025 billion. The current consensus earnings estimate is $0.27 per share on revenue of $1.02 billion for the quarter ending August 31, 2014.
In-line Guidance
Q 11/2014
9/16/2014
4:02:02 PM
$0.26 to $0.32
$0.31
$1.09 bill
-4.8%
1.5%
Guidance:
Consensus:
Adobe Guides In-line

Adobe Systems, Inc. said in its conference call presentation it expects fourth quarter non-GAAP earnings of $0.26 to $0.32 per share on revenue of $1.025 billion to $1.075 billion. The current consensus earnings estimate is $0.31 per share on revenue of $1.09 billion for the quarter ending November 30, 2014.
In-line Guidance
Q 02/2015
12/11/2014
4:05:25 PM
$0.34 to $0.40
$0.39
$1.10 bill
9.0%
0.4%
Guidance:
Consensus:
Adobe Systems Guides In-line

Adobe Systems, Inc. said in its conference call presentation said it expects first quarter non-GAAP earnings of $0.34 to $0.40 per share on revenue of $1.05 billion to $1.10 billion. The current consensus earnings estimate is $0.39 per share on revenue of $1.10 billion for the quarter ending February 28, 2015. The company said it expects fiscal 2015 earnings of approximately $2.05 per share on revenue of approximately $4.85 billion. The current consensus earnings estimate is $2.07 per share on revenue of $4.93 billion for the year ending November 30, 2015.
EPS & Revenue Below Estimates
Q 05/2015
3/17/2015
4:05:00 PM
$0.41 to $0.47
$0.48
$1.18 bill
-3.5%
-3.2%
Guidance:
Consensus:
Adobe Sees Second Quarter Below Estimates

Adobe Systems, Inc. said in its conference call slides it expects second quarter non-GAAP earnings of $0.41 to $0.47 per share on revenue of $1.125 billion to $1.175 billion. The current consensus earnings estimate is $0.48 per share on revenue of $1.18 billion for the quarter ending May 31, 2015.
EPS & Revenue Below Estimates
FY 2015
6/16/2015
4:03:00 PM
$2.05
$4.845 bil
$2.08
$4.89 bil
-2.5%
4.9%
Guidance:
Consensus:
Adobe Systems Guides Below Estimates

Adobe Systems, Inc. said during its conference call it expects third quarter earnings of $0.45 to $0.51 per share on revenue of $1.175 billion to $1.225 billion. The current consensus earnings estimate is $0.54 per share on revenue of $1.25 billion for the quarter ending August 31, 2015. The company said it expects fiscal 2015 earnings of approximately $2.05 per share on revenue of approximately $4.845 billion. The current consensus earnings estimate is $2.08 per share on revenue of $4.89 billion for the year ending November 30, 2015.
EPS & Revenue Below Estimates
Q 11/2015
9/17/2015
4:03:00 PM
$0.56 to $0.62
$0.64
$1.36 bill
1.2%
5.8%
Guidance:
Consensus:
Adobe Guides Below Estimates

Adobe Systems, Inc. said in its conference call slides it expects fourth quarter non-GAAP earnings of $0.56 to $0.62 per share on revenue of $1.275 billion to $1.325 billion. The current consensus earnings estimate is $0.64 per share on revenue of $1.36 billion for the quarter ending November 30, 2015.
EPS & Revenue Below Estimates
FY 2016
10/6/2015
4:03:00 PM
$2.70
-5.3%
1.9%
Guidance:
Consensus:
Adobe Systems, Inc.

Adobe Systems, Inc. said it expects fiscal 2016 earnings of approximately $2.70 per share on revenue of approximately $5.70 billion. The current consensus earnings estimate is $3.20 per share on revenue of $5.94 billion for the year ending November 30, 2016.
Q1 In-line/FY Below
FY 2016
12/10/2015
4:05:02 PM
$2.70
2.8%
-1.3%
Guidance:
Consensus:
Adobe Systems Sees Fiscal Year Below Estimates

Adobe Systems, Inc. said in its conference call slides it expects first quarter non-GAAP earnings of $0.56 to $0.62 per share on revenue of $1.30 billion to $1.35 billion. The current consensus earnings estimate is $0.61 per share on revenue of $1.33 billion for the quarter ending February 29, 2016. The company also said it expects fiscal 2016 earnings of approximately $2.70 per share on revenue of approximately $5.70 billion. The current consensus earnings estimate is $2.79 per share on revenue of $5.75 billion for the year ending November 30, 2016.
FY Above Estimates
FY 2016
3/17/2016
4:05:02 PM
$2.80
$5.80 bil
$2.76
$5.74 bil
3.8%
-5.7%
Guidance:
Consensus:
Adobe Raises Fiscal Year Guidance

Adobe Systems, Inc. said in its conference call slides it expects second quarter non-GAAP earnings of $0.64 to $0.70 per share on revenue of $1.365 billion to $1.415 billion. The current consensus earnings estimate is $0.65 per share on revenue of $1.39 billion for the quarter ending May 31, 2016. The company also said it expects fiscal 2016 earnings of approximately $2.80 per share on revenue of approximately $5.80 billion. The company's previous guidance was earnings of approximately $2.70 per share on revenue of approximately $5.70 billion and the current consensus earnings estimate is $2.76 per share on revenue of $5.74 billion for the year ending November 30, 2016.
In-line Guidance
FY 2016
6/21/2016
4:05:00 PM
$2.80
$5.80 bil
$2.84
$5.83 bil
-5.7%
-1.2%
Guidance:
Consensus:
Adobe Systems Reaffirms

Adobe Systems, Inc. said it expects third quarter non-GAAP earnings of $0.69 to $0.75 per share on revenue of $142 billion to $1.47 billion. The current consensus earnings estimate is $0.71 per share on revenue of $1.47 billion for the quarter ending August 31, 2016. The company also said it continues to expect fiscal 2016 earnings of approximately $2.80 per share on revenue of approximately $5.80 billion. The current consensus earnings estimate is $2.84 per share on revenue of $5.83 billion for the year ending November 30, 2016.
EPS Above Estimates
Q 11/2016
9/20/2016
4:05:00 PM
$0.83 to $0.89
$0.78
$1.58 bill
7.1%
2.8%
Guidance:
Consensus:
Adobe Guides Earnings Above Estimates

Adobe Systems, Inc. said in its conference call slides it expects fourth quarter non-GAAP earnings of $0.83 to $0.89 per share on revenue of $155.0 billion to $160.0 billion. The current consensus earnings estimate is $0.78 per share on revenue of $1.58 billion for the quarter ending November 30, 2016.
2017 Below Estimates
FY 2017
11/2/2016
4:05:00 PM
$3.75
1.2%
-2.3%
Guidance:
Consensus:
Adobe Systems Sees 2017 Below Estimates

Adobe Systems, Inc. said it continues to expect fourth quarter non-GAAP earnings of $0.83 to $0.89 per share on revenue of $1.55 billion to $1.60 billion. The current consensus earnings estimate is $0.85 per share on revenue of $1.59 billion for the quarter ending November 30, 2016. The company also said it expects fiscal 2017 earnings of approximately $3.75 per share on revenue of approximately $7.00 billion. The current consensus earnings estimate is $3.85 per share on revenue of $7.09 billion for the year ending November 30, 2017.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
12/15/2011
4:05:02 PM
Nov '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$0.62
$1.2 Bil
$0.61
$0.60
$1.1 Bil
1.6%
5.7%
3.2%
14.3%
4.8%
2.0%
3/19/2012
4:05:01 PM
Feb '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.53
$1.0 Bil
$0.59
$0.57
$1.1 Bil
-10.2%
-0.5%
-6.5%
1.7%
-3.3%
3.7%
6/19/2012
4:05:00 PM
May '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.57
$1.1 Bil
$0.58
$0.59
$1.1 Bil
-1.7%
1.3%
11.7%
9.9%
-6.7%
2.4%
9/19/2012
4:03:00 PM
Aug '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.44
$1.1 Bil
-
$0.47
-
-6.4%
-
2.3%
6.6%
0.4%
-1.4%
12/13/2012
4:03:00 PM
Nov '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.60
$1.2 Bil
$0.56
$0.57
$1.1 Bil
7.1%
4.9%
-4.1%
0.1%
4.7%
1.4%
3/19/2013
4:02:00 PM
Feb '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.33
$1.0 Bil
$0.33
$0.31
$984.68 Mil
-
2.4%
-48.0%
-3.6%
4.8%
-0.1%
6/18/2013
4:05:01 PM
May '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.37
$1.0 Bil
$0.36
$0.34
$1.0 Bil
2.8%
0.1%
-46.5%
-10.1%
7.1%
-1.6%
9/17/2013
4:05:00 PM
Aug '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.34
$995.12 Mil
$0.37
$0.34
$1.0 Bil
-8.1%
-1.5%
-49.9%
-7.9%
7.4%
0.4%
12/12/2013
4:05:01 PM
Nov '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G F
EPS
Rev
$0.31
$1.0 Bil
$0.34
$0.32
$1.0 Bil
-8.8%
1.1%
-63.7%
-9.7%
7.5%
2.1%
3/18/2014
4:05:23 PM
Feb '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.29
$1.0 Bil
$0.27
$0.25
-
7.4%
-
-24.3%
-0.8%
0.7%
-7.4%
6/17/2014
4:15:07 PM
May '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.37
$1.1 Bil
$0.32
$0.30
$1.0 Bil
15.6%
3.7%
-1.8%
5.7%
9.3%
-1.9%
9/16/2014
4:02:02 PM
Aug '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.27
$1.0 Bil
$0.28
$0.26
$1.0 Bil
-3.6%
-0.5%
-36.4%
1.0%
-3.8%
1.5%
12/11/2014
4:05:25 PM
Nov '14
Q4 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.35
$1.1 Bil
$0.32
$0.30
$1.1 Bil
9.4%
1.3%
26.4%
3.0%
6.4%
0.4%
3/17/2015
4:05:00 PM
Feb '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.39
$1.1 Bil
$0.42
$0.39
$1.1 Bil
-7.1%
2.7%
65.1%
10.9%
-5.2%
-3.2%
6/16/2015
4:03:00 PM
May '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D-
EPS
Rev
$0.48
$1.2 Bil
$0.48
$0.45
$1.2 Bil
-
0.2%
45.1%
8.8%
-0.6%
4.9%
9/17/2015
4:03:00 PM
Aug '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D
EPS
Rev
$0.54
$1.2 Bil
$0.52
$0.50
$1.2 Bil
3.8%
0.6%
185.3%
21.1%
-2.2%
5.8%
12/10/2015
4:05:02 PM
Nov '15
Q4 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.62
$1.3 Bil
$0.62
$0.60
$1.3 Bil
-
-0.3%
110.0%
21.7%
4.0%
-1.3%
3/17/2016
4:05:02 PM
Feb '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.66
$1.4 Bil
$0.63
$0.61
$1.3 Bil
4.8%
3.2%
88.9%
24.7%
8.9%
-5.7%
6/21/2016
4:05:00 PM
May '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$0.71
$1.4 Bil
$0.70
$0.69
$1.4 Bil
1.4%
-0.1%
58.6%
20.4%
-4.2%
-1.2%
9/20/2016
4:05:00 PM
Aug '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$0.74
$1.5 Bil
$0.74
$0.72
$1.5 Bil
-
1.0%
49.0%
20.2%
5.9%
2.8%
EPS
Rev
-
-
-
$0.72
$1.6 Bil
-
-
16.1%
21.7%
EPS
Rev
-
-
-
$0.71
$1.7 Bil
-
-
7.6%
20.0%
12/20/2010
$29.18
$1.57
$3.80 Bil
-
-
-
12/15/2011
$26.46
$1.80
$4.22 Bil
14.6%
11.0%
-9.3%
12/13/2012
$35.53
$1.84
$4.40 Bil
2.2%
4.4%
34.3%
12/12/2013
$53.99
$0.84
$4.06 Bil
-54.3%
-7.9%
52.0%
12/11/2014
$69.74
$0.76
$4.15 Bil
-9.5%
2.3%
29.2%
12/10/2015
$88.96
$1.46
$4.80 Bil
92.1%
15.6%
27.6%
12/10/2016
$103.36
$2.42
$5.84 Bil
65.8%
21.8%
16.2%
12/10/2017
$122.92
$3.13
$7.09 Bil
29.3%
21.4%
18.9%
12/10/2018
-
$4.11
-
31.3%
-
-

Price Projection

Current Value
$94
-9%
Projected Price
$123
19%