Adobe Systems (NASDAQ:ADBE) is reporting its 2017 Q2 earnings on Tuesday, June 20 after the market closes. Analysts at Estimize are expecting an EPS of $.96, which is two cents higher than Wall Street. As for revenue, Estimize is aiming for $1,743, which is slightly more optimistic than Wall Street. Over the last 10 quarters, EPS and revenue have followed an upward trend, which bodes well for the upcoming 2018 fiscal year.
Adobe has a tight grasp on the software side of computers and continues to expand with the conversion from one-time software purchasers to subscription-based. These programs have become ingrained into various industries, and it is estimated there are currently 10 million subscribers to the Creative Cloud software products. Over the past 52-weeks Adobe has been proving quite bullish increasing around 56%. Furthermore, year over year we have seen a steady increase in total revenue which is impressive in an environment of declining computer sales. Adobe also debuted in the app market, premiering their new app, “Adobe Scan.” This app is currently free for Adobe subscribers, or a monthly fee of $5.83 per month. Adobe Scan allows users to scan documents, edit them, and then save it to your account.
What are you expecting for Adobe?
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