Adobe Stock Underperforms as Analysts Anticipate Earnings Growth Despite Recent Declines
• Adobe Systems (ADBE) stock dropped 0.87% compared to 0.6% drop in S&P 500 and 0.17% drop in Dow • ADBE stock has declined 9.43% over the past month, underperforming its sector and S&P 500 • Analysts expect ADBE to post 15.26% year-over-year earnings growth and 9.13% revenue growth in upcoming quarterly report • Estimate revisions show positivity towards ADBE's business operations and profit generating ability • ADBE currently has a Zacks Rank of #4 (Sell) and a Forward P/E ratio of 30.33, denoting a discount vs. industry average P/E of 31.21