Erste Group Bank Weighs in on OTCMKTS:IDEXY FY2027 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Investment analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for Industria de Diseno Textil in a report released on Friday, September 18th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings of $0.62 per share for the year, down from their previous forecast of $0.64. The consensus estimate for Industria de Diseno Textil’s current full-year earnings is $0.63 per share. Erste Group Bank also issued estimates for Industria de Diseno Textil’s FY2028 earnings at $0.68 EPS.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $12.82 billion during the quarter, compared to analyst estimates of $12.66 billion. Industria de Diseno Textil had a return on equity of 33.12% and a net margin of 15.54%.

Separately, Barclays raised shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Industria de Diseno Textil Stock Up 2.6%

Shares of IDEXY stock opened at $15.24 on Monday. The stock has a 50-day simple moving average of $16.16 and a 200 day simple moving average of $15.58. The stock has a market capitalization of $189.99 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.42 and a beta of 0.95. Industria de Diseno Textil has a fifty-two week low of $12.88 and a fifty-two week high of $17.34.

Hedge Funds Weigh In On Industria de Diseno Textil

A hedge fund recently bought a new position in Industria de Diseno Textil stock. Azimuth Capital Investment Management LLC bought a new stake in shares of Industria de Diseno Textil SA (OTCMKTS:IDEXY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 351,596 shares of the company’s stock, valued at approximately $5,539,000.

About Industria de Diseno Textil

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group best known for its Zara brand. The company designs, manufactures, distributes and sells apparel, footwear, accessories and home products through a combination of company-operated stores and online platforms.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its business model emphasizes frequent product updates, coordinated global operations and close integration between its physical stores and digital sales channels.

Founded in 1985 and headquartered in Arteixo, Galicia, Spain, Inditex serves customers across Europe, the Americas, Asia and other international markets.