Adobe is scheduled to announce Q3 earnings results on Thursday, September 15th, after market close.
Adobe expects Q3 revenue would be $4.43B and adjusted earnings would be $3.33 per share.
The current consensus EPS Estimate is $3.34 (+7.5% Y/Y) and the consensus Revenue Estimate is $4.44B (+12.8% Y/Y).
EPS estimates have seen 4 upward revisions and 19 downward in the last three months. Revenue estimates have seen 0 upward revisions and 19 downward.
Shares have fallen -34% YTD, relatively in line with other software-as-a-service peers.
Adobe has fallen in the days ahead of its Q3 report after two successive analyst downgrades.
Mizuho was first, warning of a "more difficult environment than expected."
BMO Capital Markets followed, citing "too many concerns" about Abode's (ADBE) Creative Cloud offerings, in particular.
Over the last 2 years, ADBE has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.