Equities Analysts Issue Forecasts for Industria de Diseño Textil, S.A.’s FY2023 Earnings (OTCMKTS:IDEXY)

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXYGet Rating) – Investment analysts at Telsey Advisory Group cut their FY2023 earnings per share (EPS) estimates for Industria de Diseño Textil in a research note issued on Thursday, September 15th. Telsey Advisory Group analyst D. Telsey now expects that the company will earn $0.65 per share for the year, down from their previous forecast of $0.66. The consensus estimate for Industria de Diseño Textil’s current full-year earnings is $0.66 per share. Telsey Advisory Group also issued estimates for Industria de Diseño Textil’s Q1 2024 earnings at $0.15 EPS.

Other equities research analysts also recently issued reports about the company. UBS Group raised Industria de Diseño Textil from a “neutral” rating to a “buy” rating in a report on Monday, July 18th. Royal Bank of Canada upped their target price on Industria de Diseño Textil from €27.00 ($27.55) to €29.00 ($29.59) and gave the stock an “outperform” rating in a research report on Thursday, June 9th. Citigroup raised Industria de Diseño Textil from a “neutral” rating to a “buy” rating in a research report on Monday, September 12th. Berenberg Bank decreased their price target on Industria de Diseño Textil from €26.00 ($26.53) to €22.50 ($22.96) in a research note on Wednesday, September 7th. Finally, Credit Suisse Group upped their price target on Industria de Diseño Textil from €20.50 ($20.92) to €21.50 ($21.94) and gave the stock an “underperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.56.

Industria de Diseño Textil Stock Up 1.2 %

Shares of Industria de Diseño Textil stock opened at $11.27 on Monday. The firm has a market cap of $70.25 billion, a price-to-earnings ratio of 16.82 and a beta of 1.06. The business has a fifty day simple moving average of $11.89 and a 200-day simple moving average of $11.53. Industria de Diseño Textil has a fifty-two week low of $10.18 and a fifty-two week high of $19.05.

Industria de Diseño Textil Company Profile

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Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household textile products through various commercial concepts. Its retail concepts include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe. As of July 13, 2021, the company operated 6,829 stores in 96 markets; and online stores in 216 markets.

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Earnings History and Estimates for Industria de Diseño Textil (OTCMKTS:IDEXY)

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