Industria de Diseno Textil (IDEXY) to Release 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) will likely be posting its results before the market opens on Wednesday, September 10th. Analysts expect Industria de Diseno Textil to post 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 posted 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 firm 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 2.3%

Shares of Industria de Diseno Textil stock opened at $12.11 on Wednesday. The company has a fifty day simple moving average of $12.53 and a 200-day simple moving average of $21.59. Industria de Diseno Textil has a 12-month low of $11.56 and a 12-month high of $15.06. The stock has a market cap of $150.97 billion, a price-to-earnings ratio of 23.52, 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 note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.