Industria de Diseno Textil (IDEXY) Expected to Announce Quarterly Earnings on Wednesday

Industria de Diseno Textil (OTCMKTS:IDEXY) is expected to release its results before the market opens on Wednesday, June 10th. Analysts expect Industria de Diseno Textil to post earnings of $0.1282 per share and revenue of $10.1091 billion for the quarter.

Industria de Diseno Textil (OTCMKTS:IDEXY) last released its quarterly earnings data on Wednesday, March 11th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.14). Industria de Diseno Textil had a net margin of 15.61% and a return on equity of 33.77%. The company had revenue of $13.62 billion for the quarter, compared to analyst estimates of $13.65 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 Price Performance

OTCMKTS:IDEXY opened at $15.31 on Wednesday. Industria de Diseno Textil has a 12-month low of $11.80 and a 12-month high of $17.34. The firm has a market capitalization of $190.86 billion, a P/E ratio of 26.63, a P/E/G ratio of 3.31 and a beta of 0.94. The business has a 50 day simple moving average of $14.96 and a 200 day simple moving average of $15.52.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IDEXY. Zacks Research lowered Industria de Diseno Textil from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup upgraded Industria de Diseno Textil to a “strong-buy” rating in a research report on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Industria de Diseno Textil currently has an average rating of “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.