Erste Group Bank Forecasts OTCMKTS:IDEXY FY2027 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Stock analysts at Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for Industria de Diseno Textil in a report issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $0.63 per share for the year, down from their prior estimate of $0.64. The consensus estimate for Industria de Diseno Textil’s current full-year earnings is $0.64 per share. Erste Group Bank also issued estimates for Industria de Diseno Textil’s FY2028 earnings at $0.68 EPS.

A number of other research firms have also commented on IDEXY. Zacks Research lowered shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup upgraded shares of Industria de Diseno Textil to a “strong-buy” rating in a research note on Monday, March 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Industria de Diseno Textil Price Performance

OTCMKTS IDEXY opened at $16.31 on Friday. Industria de Diseno Textil has a 12 month low of $11.80 and a 12 month high of $17.34. The firm has a market capitalization of $203.33 billion, a PE ratio of 27.64, a P/E/G ratio of 3.21 and a beta of 0.94. The company’s 50 day simple moving average is $15.20 and its 200 day simple moving average is $15.64.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion. Industria de Diseno Textil had a return on equity of 33.89% and a net margin of 15.60%.

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.