** Shares in Adobe Inc ADBE.O shed 0.2% on Wednesday ahead of the software company's fiscal Q4 report due to be released after market close
** Wall Street expects ADBE, the developer of Photoshop software, to report adj EPS of $4.66 vs $4.27 in year-ago quarter on rev of $5.54 bln, up from $5.05 bln year-ago, according to LSEG data
** In last 8 quarters ADBE's EPS beat consensus every time while rev met or beat 7 times
** On Sept 13 ADBE shares sank 8.5% on fears returns from its push into artificial intelligence design would take longer than hoped for to materialize after a disappointing earnings forecast. But stock up about 2% since with reaction positive to ADBE mid-Oct announcement it had started distributing AI model that can generate video from text prompts
** ADBE last traded at $545.87 vs median PT of $635, according to LSEG, which shows 40 analyst ratings: 12 'strong buy,' 19 'buy,' 7 'hold' and 2 'sell' recommendations
** YTD shares down 8.5% vs gain of 37.6% jump in S&P 500 technology index .SPLRCT
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com; +13322191897;))
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