Adobe Systems Incorporated (ADBE) is scheduled to release earnings on September 13, 2018, after the market closes, and will hold a conference call at 5:00 PM ET on the same day. The stock currently trades at 265.37, which is 5.4% higher than the close following its last reported earnings, trading with a range of 235.87 to 269.96 since that time.
Expected Price Volatility
Currently, option traders are expecting a ± 4.5% move for this earnings, and during the previous earnings release, the stock experienced a -2.4% move. Over the last 12 quarters, the absolute average move has been ± 3.3%, with a minimum move of 1.2% and a maximum move of 7.1%. ADBE has only experienced 3 larger-than-expected earnings moves in the last 12 quarters.
Earnings Price Pattern
The MarketChameleon earnings price pattern has detected two notable historical trends.
1 Week Before Earnings:For 11 of the last 12 quarters (92%), ADBE stock price has gone up in the week before earnings. It has had an average gain of +1.9% during that span.
2 Weeks After Earnings:For each of the last 5 quarters, the stock price has gone down in the 2 weeks following earnings. Over that period, it has an average loss of -2.4%.
Earnings Option Strategies
MarketChameleon's option strategy analysis shows that selling out-of-the-money puts the day before earnings had 83% winning occurrences, for an average gain of +67.7%. Additionally, selling at-the-money straddles resulted in 75% winning occurrences, for an average return of +24.8%.
EPS Estimate
Analysts are currently expecting ADBE to report an earnings of $1.69 per share, compared to $1.10 for the same quarter last year. Revenue is expected to come in at $2.2 billion versus $1.8 billion for the previous year.
Expected Price Volatility
Currently, option traders are expecting a ± 4.5% move for this earnings, and during the previous earnings release, the stock experienced a -2.4% move. Over the last 12 quarters, the absolute average move has been ± 3.3%, with a minimum move of 1.2% and a maximum move of 7.1%. ADBE has only experienced 3 larger-than-expected earnings moves in the last 12 quarters.
Earnings Price Pattern
The MarketChameleon earnings price pattern has detected two notable historical trends.
1 Week Before Earnings:For 11 of the last 12 quarters (92%), ADBE stock price has gone up in the week before earnings. It has had an average gain of +1.9% during that span.
2 Weeks After Earnings:For each of the last 5 quarters, the stock price has gone down in the 2 weeks following earnings. Over that period, it has an average loss of -2.4%.
Earnings Option Strategies
MarketChameleon's option strategy analysis shows that selling out-of-the-money puts the day before earnings had 83% winning occurrences, for an average gain of +67.7%. Additionally, selling at-the-money straddles resulted in 75% winning occurrences, for an average return of +24.8%.
EPS Estimate
Analysts are currently expecting ADBE to report an earnings of $1.69 per share, compared to $1.10 for the same quarter last year. Revenue is expected to come in at $2.2 billion versus $1.8 billion for the previous year.