Erste Group Bank Weighs in on OTCMKTS:IDEXY FY2028 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Equities researchers at Erste Group Bank issued their FY2028 earnings per share estimates for Industria de Diseno Textil in a research report issued on Tuesday, March 24th. Erste Group Bank analyst S. Lingnau forecasts that the company will earn $0.69 per share for the year. The consensus estimate for Industria de Diseno Textil’s current full-year earnings is $0.99 per share.

Industria de Diseno Textil (OTCMKTS:IDEXY) last posted its earnings results on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). The firm had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.65 billion. Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 35.01%.

Several other equities research analysts have also commented on IDEXY. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a research note on Monday, March 16th. Zacks Research downgraded Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Industria de Diseno Textil Stock Down 2.1%

OTCMKTS IDEXY opened at $14.05 on Friday. The company has a 50-day moving average price of $15.91 and a 200-day moving average price of $15.12. Industria de Diseno Textil has a 52 week low of $11.56 and a 52 week high of $17.34. The firm has a market capitalization of $175.16 billion, a P/E ratio of 24.44, a PEG ratio of 2.89 and a beta of 0.93.

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.