Adobe stock is trading below 52-week high, with Q1 sales and EPS expected to rise

From Nasdaq: 2025-03-10 18:26:00

Adobe is set to release its fiscal first quarter earnings after-market hours on March 12. Investors are wary after Nasdaq’s 4% drop on Monday, with Adobe trading 21% below its 52-week high at $435 a share. Estimates project Q1 sales to rise 9% to $5.65 billion, with EPS expected to expand 11% to $4.97.

Adobe’s total sales are forecasted to rise 9% in fiscal 2025 and another 10% in FY26. Earnings are expected to spike 10% this year and climb 13% in FY26 to $23.03 per share. Despite being down 2% in 2025, Adobe’s stock is trading at its cheapest P/E valuation in a decade at 22X forward earnings.

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