Erste Group Bank Predicts OTCMKTS:IDEXY FY2028 Earnings

Industria de Diseno Textil SA (OTCMKTS:IDEXY) – Analysts at Erste Group Bank issued their FY2028 earnings per share (EPS) estimates for shares of Industria de Diseno Textil in a research report issued to clients and investors on Tuesday, March 24th. Erste Group Bank analyst S. Lingnau anticipates that the company will post earnings of $0.69 per share for the year. 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 posted its quarterly earnings results on Wednesday, March 11th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.14). The company had revenue of $13.62 billion during the quarter, compared to analysts’ expectations of $13.65 billion. Industria de Diseno Textil had a return on equity of 35.01% and a net margin of 15.61%.

Several other research analysts have also weighed in on the company. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Zacks Research downgraded Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Four investment 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 stock. According to data from MarketBeat, Industria de Diseno Textil presently has an average rating of “Strong Buy”.

Industria de Diseno Textil Trading Down 2.1%

Industria de Diseno Textil stock opened at $14.05 on Friday. The company has a market capitalization of $175.16 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.83 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. The business’s fifty day simple moving average is $15.91 and its two-hundred day simple moving average is $15.14.

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.