Industria de Diseno Textil (IDEXY) Expected to Announce Earnings on Wednesday

Industria de Diseno Textil (OTCMKTS:IDEXY) is projected to release its results before the market opens on Wednesday, March 11th. Analysts expect Industria de Diseno Textil to post earnings of $0.29 per share and revenue of $13.6526 billion for the quarter.

Industria de Diseno Textil Price Performance

Shares of Industria de Diseno Textil stock opened at $14.79 on Tuesday. The business has a 50-day simple moving average of $16.43 and a 200 day simple moving average of $14.95. Industria de Diseno Textil has a one year low of $11.56 and a one year high of $17.34. The firm has a market capitalization of $184.38 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.77 and a beta of 0.92.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research raised Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Royal Bank Of Canada upgraded Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a report on Monday, November 24th. Five equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

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.