Prada (PRDSY) Projected to Post Quarterly Earnings on Thursday

Prada (OTCMKTS:PRDSY) is anticipated to post its results before the market opens on Thursday, March 5th. Analysts expect Prada to post earnings of $0.4465 per share and revenue of $1.8782 billion for the quarter.

Prada Stock Down 1.8%

Shares of Prada stock opened at $10.94 on Wednesday. The firm’s 50 day moving average is $10.85 and its 200 day moving average is $11.42. Prada has a 1 year low of $10.00 and a 1 year high of $17.70.

Analyst Ratings Changes

A number of analysts have weighed in on PRDSY shares. UBS Group cut shares of Prada from a “buy” rating to a “neutral” rating in a research note on Friday, November 28th. Barclays began coverage on Prada in a research report on Tuesday, January 13th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Prada has an average rating of “Moderate Buy”.

About Prada

Prada S.p.A. is an Italian luxury fashion house renowned for its high-end leather goods, ready-to-wear collections and accessories. Founded in 1913 by Mario Prada in Milan, the company has built a reputation for craftsmanship and understated elegance. Its product portfolio spans handbags, small leather goods, footwear, eyewear and fragrances, all designed to reflect a blend of traditional techniques and contemporary sensibilities.

The company distributes its products through a network of directly operated boutiques, franchise stores and e-commerce platforms.