Adobe Systems, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Adobe Systems, Inc. (NASDAQ:ADBE) will unveil its latest earnings on Tuesday, June 21, 2011. Adobe Systems Inc. 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 analyst is estimating profit of 42 cents per share, a rise of 27.3% from the same quarter a year ago. Estimates range from net income of 39 cents per share to profit of 45 cents per share. Over the past three months, the consensus estimate has moved down from 48 cents. The consensus estimate is unchanged from a month ago. For the year, analysts are projecting net income of $1.82 per share, a rise of 15.9% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter of the last fiscal year, the company reported profit of 44 cents per share versus a mean estimate of net income of 44 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $994.8 million in revenue this quarter, a rise of 5.5% from the year ago quarter. Analysts are forecasting total revenue of $4.11 billion for the year, from last year’s revenue of $3.8 billion.

Analyst Ratings: Analysts are bullish on this stock with 15 analysts rating it as a buy and one rating it as a sell.

Key Stats:

The company has enjoyed double-digit year-over-year revenue growth for the past four quarters. Over that span, the company has averaged growth of 32.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 42% from the year earlier quarter.

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).

Recent Price Movement: From two months ago, the stock price has fallen $2.82 (-8.2%) from $34.51 on April 15, 2011 to $31.69 on June 13, 2011. The stock price saw one of its best stretches over the last year between February 10, 2011 and February 18, 2011 when shares rose for seven-straight days, rising 5.4% (+$1.82) over that span. It saw one of its worst periods between June 21, 2010 and June 30, 2010 when shares fell for eight-straight days, falling 20.2% (-$6.70) over that span. Shares are up 91 cents (+3%) year to date.

(Source: Xignite Financials)

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