Erste Group Bank Forecasts OTCMKTS:IDEXY FY2027 Earnings

Key Points

• Erste Group Bank lowered its FY2027 EPS forecast for Industria de Diseño Textil to $0.60 from $0.62, below the $0.63 consensus estimate, while projecting FY2028 EPS of $0.66.
• Inditex reported quarterly EPS of $0.15, in line with consensus, while revenue of $12.82 billion exceeded expectations of $12.66 billion. The company posted a 15.54% net margin and 33.83% return on equity.
• Analyst sentiment remains positive, with Barclays upgrading the stock to “strong buy” and MarketBeat reporting an average “Buy” rating; Azimuth Capital also acquired approximately $5.54 million of shares.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Free Report) - Equities researchers at Erste Group Bank dropped their FY2027 earnings estimates for Industria de Diseno Textil in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $0.60 per share for the year, down from their previous estimate of $0.62. The consensus estimate for Industria de Diseno Textil's current full-year earnings is $0.63 per share. Erste Group Bank also issued estimates for Industria de Diseno Textil's FY2028 earnings at $0.66 EPS.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The firm had revenue of $12.82 billion during the quarter, compared to analysts' expectations of $12.66 billion. Industria de Diseno Textil had a net margin of 15.54% and a return on equity of 33.83%.

Separately, Barclays upgraded Industria de Diseno Textil from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Industria de Diseno Textil currently has an average rating of "Buy".

Industria de Diseno Textil Price Performance

Industria de Diseno Textil stock opened at $14.95 on Tuesday. Industria de Diseno Textil has a 1-year low of $13.06 and a 1-year high of $17.34. The firm has a market capitalization of $186.38 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. The company's 50-day moving average is $15.95 and its 200 day moving average is $15.60.

Institutional Trading of Industria de Diseno Textil

A hedge fund recently bought a new stake in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC bought a new position in Industria de Diseno Textil SA (OTCMKTS:IDEXY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 351,596 shares of the company's stock, valued at approximately $5,539,000.

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish multinational fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a network of retail stores and online platforms.

Inditex operates a portfolio of brands that includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products span womenswear, menswear, childrenswear, footwear, accessories, beauty and home furnishings, with each brand targeting distinct customer segments and styles.

Inditex traces its origins to Zara, which was founded in A Coruña, Spain, in 1975 by Amancio Ortega and Rosalía Mera.

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