OTCMKTS:IDEXY FY2028 EPS Lowered by Erste Group Bank

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Analysts at Erste Group Bank decreased their FY2028 earnings per share (EPS) estimates for Industria de Diseno Textil in a research report issued on Thursday, April 2nd. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $0.68 per share for the year, down from their previous estimate of $0.69. The consensus estimate for Industria de Diseno Textil’s current full-year earnings is $0.99 per share.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). The company had revenue of $13.62 billion during the quarter, compared to the consensus estimate of $13.65 billion. Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 35.01%.

Other analysts also recently issued research reports about the company. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research downgraded shares of Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Industria de Diseno Textil Price Performance

IDEXY opened at $14.66 on Wednesday. The stock’s 50 day simple moving average is $15.68 and its 200 day simple moving average is $15.20. The firm has a market cap of $182.76 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.93 and a beta of 0.99. Industria de Diseno Textil has a 1 year low of $11.63 and a 1 year high of $17.34.

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.