Erste Group Bank Estimates OTCMKTS:IDEXY FY2028 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Erste Group Bank reduced their FY2028 earnings per share estimates for shares of Industria de Diseno Textil in a report released on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $0.68 per share for the year, down from their previous estimate of $0.69. 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 quarterly earnings results on Wednesday, March 11th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.14). The firm had revenue of $13.62 billion for the quarter, compared to analyst estimates 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 issued reports on IDEXY. Citigroup raised Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research lowered Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four investment 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Trading Up 5.3%

IDEXY stock opened at $15.44 on Wednesday. The firm has a market cap of $192.48 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.93 and a beta of 0.99. Industria de Diseno Textil has a 12-month low of $11.80 and a 12-month high of $17.34. The stock’s 50 day simple moving average is $15.66 and its 200 day simple moving average is $15.20.

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.