Erste Group Bank Predicts OTCMKTS:IDEXY FY2028 Earnings

Key Points

• Erste Group Bank raised its FY2028 EPS forecast for Industria de Diseño Textil to $0.70 from $0.68, above the current consensus estimate of $0.63.
• Inditex’s latest quarterly results met expectations with EPS of $0.13 and exceeded revenue forecasts, reporting $10.23 billion versus estimates of $10.11 billion.
• Investor sentiment is broadly positive: Barclays upgraded the stock to “strong buy,” while analysts give it an average “Buy” rating; Azimuth Capital also purchased 351,596 shares worth about $5.5 million.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Free Report) - Erste Group Bank lifted their FY2028 earnings per share (EPS) estimates for shares of Industria de Diseno Textil in a note issued to investors on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $0.70 per share for the year, up from their previous forecast of $0.68. The consensus estimate for Industria de Diseno Textil's current full-year earnings is $0.63 per share.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $10.11 billion. Industria de Diseno Textil had a return on equity of 33.65% and a net margin of 15.60%.

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

Industria de Diseno Textil Stock Performance

Shares of IDEXY stock opened at $16.82 on Monday. Industria de Diseno Textil has a 52 week low of $11.98 and a 52 week high of $17.34. The stock has a market capitalization of $209.69 billion, a PE ratio of 28.51, a PEG ratio of 2.75 and a beta of 0.95. The stock's fifty day moving average is $16.18 and its 200-day moving average is $15.69.

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 stake in shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 351,596 shares of the company's stock, valued at approximately $5,539,000.

About Industria de Diseno Textil

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world's largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.

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