You can see the complete list of today’s Zacks #1 Rank stocks here.ĪCN is scheduled to release third-quarter fiscal 2023 results on Jun 22. Here are some stocks worth considering that, per our model, have the right combination of elements to beat on earnings this reporting cycle.Īccenture ( ACN Quick Quote ACN - Free Report) has an Earnings ESP of +1.42% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.ĪDBE currently has a Zacks Rank #2.
The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.Īdobe has an Earnings ESP of 0.00%.
Our proven model does not conclusively predict an earnings beat for Adobe this time around. However, the impacts of ongoing tensions between Russia and Ukraine are expected to have continued acting as headwinds during the fiscal quarter to be reported. Also, Digital Experience subscription revenues are expected between $1.21 billion and $1.23 billion.Īdditionally, strong momentum in applications like Real-Time CDP and Adobe Journey Optimizer is likely to have been a tailwind. Moreover, strength in Workfront might have been another positive.ĪDBE expects the Digital Experience segment’s revenues to grow 13% from the year-ago fiscal quarter’s actuals. The rising demand for Photoshop, Lightroom and Premier Pro and solid momentum across the Adobe Express platform might have contributed well to the performance of Creative Cloud.įurther, solid enterprise adoption of Acrobat and Adobe Sign is expected to have driven growth in Document Cloud revenues in the to-be-reported fiscal quarter.Īpart from Digital Media, strong momentum across Adobe Experience Cloud, on the heels of the rising uptake of Adobe Marketing Cloud, Adobe Analytics Cloud and Adobe Advertising Cloud, is expected to have boosted the business in the fiscal second quarter. For second-quarter fiscal 2023, Adobe expects Digital Media revenues between $3.45-$3.47 billion.
Growing demand for ADBE’s Digital Media Solutions, along with solid momentum across Creative Cloud and Document Cloud, is expected to have benefited the Digital Media business in the to-be-reported fiscal quarter. Quote Factors to ConsiderĪdobe’s strong focus on its Digital Media business is likely to have aided its performance in the fiscal second quarter.
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