Industria de Diseno Textil (IDEXY) to Release Earnings on Wednesday

Industria de Diseno Textil (OTCMKTS:IDEXY) is anticipated to release its results before the market opens on Wednesday, March 11th. Analysts expect Industria de Diseno Textil to post earnings of $0.29 per share and revenue of $13.6526 billion for the quarter.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.16). Industria de Diseno Textil had a net margin of 15.40% and a return on equity of 32.94%. The business had revenue of $11.44 billion during the quarter, compared to analysts’ expectations of $11.27 billion. On average, analysts expect Industria de Diseno Textil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Industria de Diseno Textil Trading Down 4.2%

Shares of OTCMKTS IDEXY opened at $15.13 on Wednesday. The business has a 50-day moving average of $16.54 and a 200-day moving average of $14.88. The firm has a market capitalization of $188.62 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.86 and a beta of 0.93. Industria de Diseno Textil has a 12 month low of $11.56 and a 12 month high of $17.34.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada upgraded shares of Industria de Diseno Textil from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 24th. Zacks Research upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Five research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

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.