Erste Group Bank Weighs in on OTCMKTS:IDEXY FY2027 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Analysts at Erste Group Bank raised their FY2027 EPS estimates for Industria de Diseno Textil in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $0.61 per share for the year, up from their previous estimate of $0.60. The consensus estimate for Industria de Diseno Textil’s current full-year earnings is $0.62 per share. Erste Group Bank also issued estimates for Industria de Diseno Textil’s FY2028 earnings at $0.67 EPS.

Industria de Diseno Textil (OTCMKTS:IDEXY) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $12.82 billion for the quarter, compared to analysts’ expectations of $12.66 billion.

Separately, Barclays raised 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 assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Industria de Diseno Textil Stock Down 0.9%

Shares of IDEXY opened at $15.90 on Wednesday. The stock has a 50-day moving average of $15.71 and a two-hundred day moving average of $15.72. Industria de Diseno Textil has a one year low of $13.06 and a one year high of $17.34.

Institutional Inflows and Outflows

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

Industria de Diseno Textil Company Profile

Industria de Diseño Textil, SA (Inditex) is a Spanish fashion retail group headquartered in Arteixo, Galicia. The company operates an integrated retail model that combines physical stores, e-commerce platforms, product design, sourcing, logistics and distribution.

Inditex’s portfolio includes Zara, Zara Home, Pull&Bear, Massimo Dutti, Bershka, Stradivarius and Oysho. Its products include apparel, footwear, accessories, cosmetics and home furnishings, with offerings positioned across a range of fashion and lifestyle categories.

The company traces its origins to Zara, which was founded in 1975 by Amancio Ortega and Rosalía Mera; Inditex was established as a corporate group in 1985.