Posted 11/6/2023, 10:45:18 PM
Adobe Stock Outperforms Market Ahead of Earnings Release, Buoyed by Positive Estimate Revisions
- Adobe Systems (ADBE) stock outpaced the S&P 500 and Dow in latest market close
- Upcoming earnings release on December 13 projected to show strong growth
- Zacks Rank system gives ADBE a #2 (Buy) ranking due to positive estimate revisions
- Adobe trades at a premium to industry average valuation based on Forward P/E
- Computer-Software industry ranked in top 26% of Zacks sectors based on momentum