By Sarah Roden

The height of earnings season has passed, but companies posting quarterly earnings this week are still seeing the impact of trends such as a strong U.S. dollar and growing popularity of Cloud technology.

Find out what to watch for as Adobe Systems Incorporated (ADBE), Oracle Corporation (ORCL), and FedEx Corporation (FDX) release earnings reports this week.

Adobe 

Adobe will release second quarter fiscal year 2015 results on June 16 after the closing bell. Analysts estimate that the software company will post earnings per share of $0.45, which would mark a 21% year-over-year increase. Analysts estimate quarterly revenue of $1.16 billion, marking a potential 9% year-over-year increase.

Adobe is most known for its Acrobat PDF reader and Photoshop graphic design software. However, analysts are looking for numbers to support Adobe’s efforts to expand its Creative Cloud and Cloud Services segments. Adobe has a goal to reach six million Creative Cloud subscriptions by the end of 2015.

Out of the six analysts polled by TipRanks, three rate Adobe a Buy and three rate it a Hold. The average 12-month price target is $85.83, marking a nearly 7.5% upside from there the stock is currently trading. On average, the top analyst consensus for Adobe on TipRanks is Hold.

Oracle 

Oracle will announce fiscal fourth quarter 2015 results on June 17 after market close. Analysts expect the company to post earnings per share of $0.87 and quarterly revenue of $10.96 billion, which will be a sequential increase but a 3% year-over-year decrease.

The company has been trying to expand its cloud computing efforts in order to offset declining sales in software licenses. As a result, recent rumors have speculated that Oracle will merge with Splunk (SPLK) or acquire Salesforce (CRM). Neither rumor has been confirmed. Furthermore, a strong U.S. dollar is expected to continue to have an impact on this quarter’s earnings.

The 12-month consensus price target for Oracle is $46.91, showing a return potential of 5.80% based on the current trading price. Out of the 14 top analysts who cover Oracle, nine gave the stock a Buy rating and five gave it a Hold rating. On average, the top analyst consensus for Oracle on TipRanks is Moderate Buy.

 FedEx 

The global delivery service will post its fourth quarter earnings from fiscal year 2015 before the market opens on June 17. FedEx is expected to post quarterly revenue of $12.3 billion, which marks a potential 4% year-over-year increase. Analysts expect earnings per share of $2.08, which would be a 9% year-over-year increase. The company recently announced a 25% dividend increase to $0.25 to be paid on July 2.

On April 7, the company announced a deal to buy Dutch delivery firm TNT Express NV for $4.8 billion, or 4.4 billion euros. Analysts believe this acquisition will be instrumental in expanding FedEx’s presence in Europe, as FedEx will gain access to TNT’s existing delivery blueprint throughout Europe. The deal still has to be approved by regulators, raising concerns that it might be denied since a similar proposal by UPS was denied in 2013.

According to the nine analysts polled by TipRanks, eight recommend FedEx as a Buy while one recommends Hold. On average, the 12-month price target is $204.38, which marks an 11% potential upside from where the stock is currently trading. On average, the top analyst consensus for FedEx on TipRanks is Strong Buy.