Erste Group Bank Weighs in on OTCMKTS:IDEXY FY2028 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Erste Group Bank lowered their FY2028 earnings estimates for shares of Industria de Diseno Textil in a research note issued on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $0.68 per share for the year, down from their prior forecast 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 issued its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). Industria de Diseno Textil had a return on equity of 35.01% and a net margin of 15.61%.The business had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.65 billion.

A number of other equities research analysts also recently weighed in on IDEXY. Citigroup raised shares of Industria de Diseno Textil to a “strong-buy” rating in a research note on Monday, March 16th. Zacks Research lowered shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Four investment 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. According to MarketBeat.com, Industria de Diseno Textil has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Stock Up 0.2%

Shares of OTCMKTS IDEXY opened at $14.66 on Wednesday. The stock’s 50-day simple moving average is $15.68 and its two-hundred day simple moving average is $15.20. Industria de Diseno Textil has a twelve month low of $11.63 and a twelve month high of $17.34. The firm has a market capitalization of $182.76 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.93 and a beta of 0.99.

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.