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Oracle and Adobe are part of Zacks Earnings Preview
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For Immediate Release
Chicago, IL – September 8, 2025 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Oracle (ORCL - Free Report) and Adobe (ADBE - Free Report) .
Previewing Q3 Earnings: What Can Investors Expect?
The expectation is for Q3 earnings to increase by +5.1% from the same period last year on +6% higher revenues. This would follow earnings growth rates of +12.4% and +12.3% in 2025 Q2 and Q1, respectively.
In the unlikely event that actual Q3 earnings growth for the S&P 500 index turns out to be +5.1% as currently expected, this will be the lowest earnings growth pace for the index since the +4.4% growth rate in 2023 Q3.
We have been regularly flagging in recent weeks that the estimate revisions trend has been positive since late April, after remaining under pressure in the preceding months.
Since the start of July, Q3 earnings estimates have increased for 5 of the 16 Zacks sectors, which include the Tech, Finance, and Energy sectors.
While Q3 estimates for the remaining 11 sectors have been under pressure, the favorable revisions trend for the Tech and Finance sectors is more than enough to offset their effect on the aggregate trends at the index level, as these two sectors alone account for more than 50% of the index's total earnings.
On the negative side, estimates for 11 of the 16 Zacks sectors have been under pressure since the start of the quarter, with notable declines for the Medical, Transportation, Basic Materials, Consumer Staples, and other sectors.
The Tech sector, which has been a standout growth driver in recent quarters, is expected to continue playing that role in 2025 Q3 as well, with total earnings for the sector expected to be up +11.9% on +12.4% higher revenues. Had it not been for the substantial growth contribution from the Tech sector, total S&P 500 earnings growth for Q3 would be only +2% (instead of +5.1% otherwise).
As noted earlier, Q3 estimates for the Tech sector have been trending higher since the quarter got underway.
We will see if this week's results from Oracle and Adobe will confirm these Tech sector expectations.
The Earnings Big Picture
In terms of S&P 500 index 'EPS', these growth rates approximate to $258.50 for 2025 and $290.59 for 2026.
Key Earnings Reports This Week
The Q3 earnings season will really get going when the big banks come out with their September-quarter results in about a month's time. But we will have officially counted almost two dozen quarterly reports from S&P 500 members by then. All of those reports will be from companies with fiscal quarters ending in August, which we and other research organizations count as part of the September-quarter tally.
This week's earnings releases from Oracle and Adobe will be for those Tech companies' fiscal quarters ending in August. As such, we will be looking at these reports as the early Q3 earnings releases.
Oracle may not be on track to join the Mag 7 group, but the market has been happy to credit the company for its AI strategy. Adobe, on the other hand, is seen as a victim of the coming AI boom, with many in the market worried that artificial intelligence will dilute the company's leadership in its software niche. Trends in estimate revisions reflect some of these views about each stock.
Free: Instant Access to Zacks' Market-Crushing Strategies
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Oracle and Adobe are part of Zacks Earnings Preview
For Immediate Release
Chicago, IL – September 8, 2025 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Oracle (ORCL - Free Report) and Adobe (ADBE - Free Report) .
Previewing Q3 Earnings: What Can Investors Expect?
The expectation is for Q3 earnings to increase by +5.1% from the same period last year on +6% higher revenues. This would follow earnings growth rates of +12.4% and +12.3% in 2025 Q2 and Q1, respectively.
In the unlikely event that actual Q3 earnings growth for the S&P 500 index turns out to be +5.1% as currently expected, this will be the lowest earnings growth pace for the index since the +4.4% growth rate in 2023 Q3.
We have been regularly flagging in recent weeks that the estimate revisions trend has been positive since late April, after remaining under pressure in the preceding months.
Since the start of July, Q3 earnings estimates have increased for 5 of the 16 Zacks sectors, which include the Tech, Finance, and Energy sectors.
While Q3 estimates for the remaining 11 sectors have been under pressure, the favorable revisions trend for the Tech and Finance sectors is more than enough to offset their effect on the aggregate trends at the index level, as these two sectors alone account for more than 50% of the index's total earnings.
On the negative side, estimates for 11 of the 16 Zacks sectors have been under pressure since the start of the quarter, with notable declines for the Medical, Transportation, Basic Materials, Consumer Staples, and other sectors.
The Tech sector, which has been a standout growth driver in recent quarters, is expected to continue playing that role in 2025 Q3 as well, with total earnings for the sector expected to be up +11.9% on +12.4% higher revenues. Had it not been for the substantial growth contribution from the Tech sector, total S&P 500 earnings growth for Q3 would be only +2% (instead of +5.1% otherwise).
As noted earlier, Q3 estimates for the Tech sector have been trending higher since the quarter got underway.
We will see if this week's results from Oracle and Adobe will confirm these Tech sector expectations.
The Earnings Big Picture
In terms of S&P 500 index 'EPS', these growth rates approximate to $258.50 for 2025 and $290.59 for 2026.
Key Earnings Reports This Week
The Q3 earnings season will really get going when the big banks come out with their September-quarter results in about a month's time. But we will have officially counted almost two dozen quarterly reports from S&P 500 members by then. All of those reports will be from companies with fiscal quarters ending in August, which we and other research organizations count as part of the September-quarter tally.
This week's earnings releases from Oracle and Adobe will be for those Tech companies' fiscal quarters ending in August. As such, we will be looking at these reports as the early Q3 earnings releases.
Oracle may not be on track to join the Mag 7 group, but the market has been happy to credit the company for its AI strategy. Adobe, on the other hand, is seen as a victim of the coming AI boom, with many in the market worried that artificial intelligence will dilute the company's leadership in its software niche. Trends in estimate revisions reflect some of these views about each stock.
For a detailed view of the evolving earnings picture, please check out our weekly Earnings Trends report here >>>>Looking Ahead to the Q3 Earnings Season
Free: Instant Access to Zacks' Market-Crushing Strategies
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached.
Get all the details here >>
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.