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

Industria de Diseno Textil (OTCMKTS:IDEXY) will likely be posting its results before the market opens on Wednesday, March 11th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $13.6526 billion for the quarter.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.16). Industria de Diseno Textil had a net margin of 15.40% and a return on equity of 32.94%. The company had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.27 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 Price Performance

Shares of Industria de Diseno Textil stock opened at $15.13 on Wednesday. The company’s 50 day moving average price is $16.54 and its two-hundred day moving average price is $14.88. The firm has a market capitalization of $188.62 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.86 and a beta of 0.93. Industria de Diseno Textil has a fifty-two week low of $11.56 and a fifty-two week high of $17.34.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IDEXY. Zacks Research raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Royal Bank Of Canada upgraded Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 24th. Five investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Industria de Diseno Textil has a consensus rating of “Strong Buy”.

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.