Adobe Barely Off 52-Week Lows Ahead of Earnings (ADBE)

Tuesday after the close, we'll get to see earnings out of Adobe Systems Inc. (NASDAQ: ADBE). The estimates from First Call are $0.45 EPS on $875.8 million in revenues. Adobe frequently offers longer-term guidance compared to many software companies. Next quarter estimates are $0.44 EPS on $874.7 million in revenues. Estimates for fiscal Nov-2008 are $1.82 EPS on $3.57 billion in revenues. Analysts have an average price target north of $45.00, which is approximately an implied 50% move to current prices. 2008 hasn't been great to Adobe stock as shares were north of $40.00 at the end of 2007. They...