Adobe (ADBE) is set to report earnings after the market closes on Monday, June 16th. Adobe’s technologies and software are used for producing and delivering content that ranges from rich images in print, video, and film to dynamic digital content for a variety of media.

ADBE is expected to earn a profit 46 cents per share for its 2nd quarter. We expect Adobe to announce earnings that will beat investors’ and analysts’ expectations as ADBE has delivered 4 straight earnings surprises.

Recently Goldman Sachs analyst Sasa Zorovic boosted his estimate for ADBE for the rest of 2008 and raised his target price by $3. Sasa is not alone, three analysts have raised their estimates for the company within the last 30 days and the consensus estimate for the quarter has grown by 2 cents. Five of the 21 analysts following ADBE have increased their 2009 bottom line outlook for the software company.

Typically, ADBE shares have performed well following earnings announcements. After its Q1 report, ADBE shares increased 15% in just 5 days.

Suggested Stop: $40.50

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