Erste Group Bank Forecasts OTCMKTS:IDEXY FY2027 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Analysts at Erste Group Bank lowered their FY2027 EPS estimates for Industria de Diseno Textil in a report released on Friday, June 5th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings of $0.63 per share for the year, down from their previous 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.

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

A number of other equities analysts 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 raised shares of Industria de Diseno Textil to a “strong-buy” rating in a research note on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Industria de Diseno Textil Stock Performance

Industria de Diseno Textil stock opened at $16.31 on Friday. The company has a 50 day moving average price of $15.20 and a 200 day moving average price of $15.64. Industria de Diseno Textil has a 52 week low of $11.80 and a 52 week high of $17.34. The firm has a market capitalization of $203.33 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 3.21 and a beta of 0.94.

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.