Industria de Diseno Textil (IDEXY) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Industria de Diseno Textil (IDEXY) is set to release its quarterly earnings on September 10th, with expectations of earnings at $0.15 per share and revenue of $10.28 billion.
• The company reported earnings of $0.23 per share in its last quarter but missed analyst expectations of $0.25.
• Analysts have given IDEXY a consensus rating of "Buy", with Berenberg Bank upgrading the stock to a "strong-buy" rating recently.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) is expected to be announcing its results before the market opens on Wednesday, September 10th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $10.2829 billion for the quarter.

Industria de Diseno Textil (OTCMKTS:IDEXY - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Industria de Diseno Textil had a return on equity of 32.39% and a net margin of 15.19%.The business had revenue of $9.45 billion for the quarter, compared to analyst estimates of $8.53 billion. On average, analysts expect Industria de Diseno Textil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Industria de Diseno Textil Trading Down 0.4%

Shares of OTCMKTS:IDEXY traded down $0.05 during trading on Friday, hitting $12.38. 406,860 shares of the company's stock were exchanged, compared to its average volume of 404,931. Industria de Diseno Textil has a 1-year low of $11.56 and a 1-year high of $15.06. The firm has a 50-day moving average price of $12.51 and a two-hundred day moving average price of $21.21. The firm has a market cap of $154.34 billion, a P/E ratio of 24.04, a PEG ratio of 2.48 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Industria de Diseno Textil to a "strong-buy" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Industria de Diseno Textil presently has an average rating of "Buy".

About Industria de Diseno Textil

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.