Analysts Issue Forecasts for OTCMKTS:IDEXY FY2027 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Investment analysts at Erste Group Bank decreased their FY2027 earnings estimates for Industria de Diseno Textil in a report issued on Monday, July 27th. Erste Group Bank analyst S. Lingnau now expects that the company will earn $0.62 per share for the year, down from their prior estimate of $0.63. The consensus estimate for Industria de Diseno Textil’s current full-year earnings is $0.63 per share.

Industria de Diseno Textil (OTCMKTS:IDEXY) last issued its earnings results on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Industria de Diseno Textil had a net margin of 15.60% and a return on equity of 33.65%. The firm had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $10.11 billion.

Separately, Barclays upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a report on Monday. Four 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. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Stock Up 0.6%

OTCMKTS IDEXY opened at $16.27 on Thursday. Industria de Diseno Textil has a 52 week low of $11.80 and a 52 week high of $17.34. The firm has a 50 day moving average of $15.69 and a two-hundred day moving average of $15.63. The stock has a market capitalization of $202.83 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.63 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.