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David Becker

Adobe Inc.

Adobe Inc. (ADBE) operates as a diversified software company worldwide. The company is scheduled to release Q2 earnings results after the closing bell on Thursday, June 11, 2020. The company is expected to earn $2.33 in earnings on 3.16 billion in revenues. This compares to $2.33 in earnings in the prior quarter. Earnings estimates have remained unchanged for the last 30-days. Growth estimates are expected to rise by 27%.

The share price has surged into earnings and hit a fresh all-time high the day before its results. There is a lot priced into the shares. After a brief bull pack, prices should begin to climb again if the results are better than expected.

Children’s Place Inc. (PLCE) operates as a children’s specialty apparel retailer. The company is scheduled to release Q1 earnings results ahead of the opening bell on Thursday, June 11, 2020. The company is expected to lose $2.14 per share on 254 million in revenues in Q1. This compares to $1.57 per share in the prior quarter. Earnings forecasts have declined 55% in the last 30-days which is an ominous sign for the stock price. Growth is expected to contract by nearly 700%.

The share price has rebounded by 4x since hitting a low in March of 2020. The market is pricing in a return to normal that will take a long time to unfold. Look for traders to take profit after the results.

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