Prada (PRDSY) to Release Quarterly Earnings on Thursday

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

Prada Price Performance

Prada stock opened at $11.28 on Monday. Prada has a 1 year low of $10.00 and a 1 year high of $17.86. The firm has a 50-day moving average of $10.87 and a two-hundred day moving average of $11.41.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PRDSY. UBS Group cut Prada from a “buy” rating to a “neutral” rating in a research note on Friday, November 28th. Barclays started coverage on shares of Prada in a research report on Tuesday, January 13th. They set an “overweight” rating for the company. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently 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.