What to Expect From Adobe’s Upcoming Q3 Earnings?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADBE'>Adobe Inc. (NASDAQ:ADBE)</a> ahead of the upcoming Q3 earnings announcement.</p>
<p>Year-to-date, results have been above expectations but investor sentiment has remained more muted around the macro with questions focusing around the strength of the implied Q4 guide. </p>
<p>The analysts believe the macro environment remains top of mind with investors as they note on-quarter software companies missing ARR/billings by 0.4%, despite beating revenue by 2% on average, pointing to challenges around duration in an uneven macro.</p>
<p>The analysts expect slight CC upside to growth relative to consensus estimates: (1) Digital new media ARR vs. Street estimate of $432 million and guidance of $430 million, (2) total revenue vs. Street estimate of $4.443 billion, up 13% year-over-year, and guidance of $4.430 billion, (3) Digital media revenue vs. Street estimate of $3.247 billion, (4) EPS vs. Street estimate of $3.34.</p>

NASDAQ:ADBE