What to Expect From Adobe’s Upcoming Q2 Earnings?
<p>RBC Capital analysts shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/ADBE'>Adobe Inc. (NASDAQ:ADBE)</a> ahead of the company’s Q2 earnings, expected to be reported on June 16. An improved start to the year after a mixed Q4 led to the improved sentiment that has now given way to a multitude of macro concerns. </p>
<p>According to the analysts, the number one question for the company is the durability of customer spend and the resiliency, particularly of digital media, in an uneven environment. </p>
<p>The analysts expect a slight upside to the Street estimates for digital new media ARR (consensus of $442 million and guidance of $440 million), total revenue (consensus of $4.345 billion, up 13% year-over-year, and guidance of $4.340 billion), and EPS (consensus of $3.31).</p>
<p>The analysts reiterated their outperform rating but lowered the price target to $500 from $600 on peer-multiple contraction.</p>

NASDAQ:ADBE