Earnings Week Ahead: Adobe EPS Expectations Raised, Dollar General Overvalued

investing.com:

Here is your Pro preview of the major upcoming major earnings reports next week: Adobe, Dollar General, Dick's Sporting Goods, and Asana.

Adobe Systems (NASDAQ:ADBE) is set to release its Q1/24 earnings on March 14, after the market close. The consensus among analysts predicts EPS of $4.38 and revenue expectations of $5.14 billion.

A review of EPS Forecast Trends by InvestingPro shows a modest upward revision in EPS forecasts for the quarter, marking a 4.2% rise from the initial estimate of $4.20 to $4.38 over the last 12 months.

Adobe has consistently outperformed EPS and revenue estimates over the last four quarters.

According to InvestingPro's Fair Value analysis, Adobe's stock appears to be slightly undervalued, with a calculated fair value of $583.36. This assessment indicates a potential upside of 5.7% from the recent closing price. Furthermore, analysts suggest the stock could see an approximate 17.1% increase in price.

Dollar General (NYSE:DG) is scheduled to announce its Q4/24 earnings on March 14, before the market opens. The consensus among analysts is set at an EPS of $1.73, with revenue expectations of $9.77B.

An analysis of EPS Forecast Trends by InvestingPro reveals a stark downward adjustment in the anticipated EPS for the quarter, marking a 43.6% reduction from the initial estimate of $3.07 to $1.73 over the past year, largely due to a disappointing Q2 reported in August 2023.

According to InvestingPro's Fair Value analysis, Dollar General's stock appears to be overvalued, with a calculated fair value of $134.03. This evaluation indicates a potential downside of 14.9% from the stock's recent closing price. Additionally, analysts suggest that the stock could face a possible decrease of around 9.8%.

Dick’s