FY2027 EPS Estimates for OTCMKTS:IDEXY Increased by Analyst

Key Points

• Erste Group Bank raised its FY2027 EPS forecast for Industria de Diseno Textil (IDEXY) to $0.64 from $0.62, above the consensus estimate of $0.63.
• In its latest quarter, Inditex reported EPS of $0.13, in line with expectations, while revenue of $10.23 billion exceeded the $10.11 billion consensus estimate.
• Analyst sentiment is positive: Barclays upgraded the stock to “strong buy,” and IDEXY has an overall “Buy” consensus rating. The shares opened at $16.75, near their 52-week high of $17.34.

Industria de Diseno Textil SA (OTCMKTS:IDEXY - Free Report) - Equities research analysts at Erste Group Bank lifted their FY2027 earnings per share estimates for shares of Industria de Diseno Textil in a report released on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $0.64 per share for the year, up from their prior forecast of $0.62. 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 announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $10.11 billion. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%.

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 equities research 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. According to MarketBeat.com, the stock presently has an average rating of "Buy".

Industria de Diseno Textil Stock Down 0.4%

IDEXY stock opened at $16.75 on Tuesday. The stock has a market cap of $208.82 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.75 and a beta of 0.95. The firm's 50-day simple moving average is $16.20 and its 200 day simple moving average is $15.69. Industria de Diseno Textil has a fifty-two week low of $11.98 and a fifty-two week high of $17.34.

Hedge Funds Weigh In On Industria de Diseno Textil

A hedge fund recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC acquired a new stake in Industria de Diseno Textil SA (OTCMKTS:IDEXY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 351,596 shares of the company's stock, valued at approximately $5,539,000.

Industria de Diseno Textil Company Profile

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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