Adobe Systems Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Adobe Systems, Inc. (NASDAQ:ADBE) will unveil its latest earnings on Thursday, December 15, 2011. Adobe Systems offers a line of creative, business, web, and mobile software and services used by creative professionals, knowledge workers, consumers, original equipment manufacturers, developers, and enterprises.

Adobe Systems, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 50 cents per share, a rise of 2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 48 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 50 cents during the last month. For the year, analysts are projecting profit of $1.85 per share, a rise of 17.8% from last year.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting net income of 44 cents per share in the third quarter to fall in line with expectations, the company beat estimates by 2 cents in the second quarter.

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Wall St. Revenue Expectations: On average, analysts predict $1.09 billion in revenue this quarter, a rise of 7.9% from the year ago quarter. Analysts are forecasting total revenue of $4.15 billion for the year, a rise of 9.2% from last year’s revenue of $3.8 billion.

Analyst Ratings: Analysts are bullish on Adobe Systems as 13 analysts rate it as a buy, two rate it as a sell and 11 rate it as a hold.

A Look Back: In the third quarter, profit fell 15.2% to $195.1 million (39 cents a share) from $230.1 million (44 cents a share) the year earlier, meeting analyst expectations. Revenue rose 2.3% to $1.01 billion from $990.3 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 8.5% in the second quarter from the year earlier, climbed 19.7% in the first quarter from the year-ago quarter and 33.1% in the fourth quarter of the last fiscal year.

Competitors to Watch: Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NASDAQ:ORCL), Autodesk, Inc. (NASDAQ:ADSK), Sonic Solutions (NASDAQ:SNIC), Monotype Imaging Hldgs. Inc. (NASDAQ:TYPE), Bitstream Inc. (NASDAQ:BITS), Intl. Business Machines Corp. (NYSE:IBM), and Sonic Foundry, Inc. (NASDAQ:SOFO).

Stock Price Performance: During October 13, 2011 to December 9, 2011, the stock price had risen $2.24 (8.7%) from $25.80 to $28.04. The stock price saw one of its best stretches over the last year between February 9, 2011 and February 18, 2011 when shares rose for eight-straight days, rising 7.2% (+$2.38) over that span. It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight-straight days, falling 9.1% (-$2.69) over that span. Shares are down $2.74 (-8.9%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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