Wall Street is looking for adjusted earnings of $4.38 per share for Q1, representing a 15% increase from the profit generated in the prior-year quarter. It is estimated that February-quarter revenues grew about 10% annually to $5.14 billion. Meanwhile, Adobe executives predict earnings of $4.35-4.40 per share and revenues in the range of $5.10 billion to $5.15 billion for Q1.
In the fourth quarter of 2023, revenues rose 12% to a record high of $5.05 billion and came in above estimates. The Digital Media and Digital Experience segments, which together account for about 98% of total revenues, expanded in double digits. As a result, adjusted profit climbed 19% annually to $4.27 per share.