Telsey Advisory Group Predicts Stronger Earnings for adidas

adidas AG (OTCMKTS:ADDYY) – Investment analysts at Telsey Advisory Group upped their FY2024 earnings per share (EPS) estimates for shares of adidas in a note issued to investors on Wednesday, October 30th. Telsey Advisory Group analyst C. Fernandez now expects that the company will earn $2.31 per share for the year, up from their prior estimate of $2.13. Telsey Advisory Group currently has a “Outperform” rating on the stock. The consensus estimate for adidas’ current full-year earnings is $1.97 per share. Telsey Advisory Group also issued estimates for adidas’ Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.16 EPS, Q3 2025 earnings at $1.71 EPS, Q4 2025 earnings at $0.22 EPS and FY2026 earnings at $6.19 EPS.

adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%.

ADDYY has been the topic of a number of other research reports. HSBC lowered adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays reissued an “equal weight” rating on shares of adidas in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

adidas Stock Down 0.4 %

ADDYY opened at $119.54 on Thursday. The firm has a market capitalization of $45.81 billion, a P/E ratio of 284.62 and a beta of 1.21. The stock’s 50 day moving average price is $124.19 and its two-hundred day moving average price is $122.27. adidas has a 12-month low of $87.56 and a 12-month high of $134.39.

Institutional Investors Weigh In On adidas

A number of institutional investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC grew its stake in shares of adidas by 23.9% during the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after purchasing an additional 118 shares during the period. Hantz Financial Services Inc. acquired a new stake in shares of adidas during the second quarter worth $4,809,000. Finally, Capital Square LLC acquired a new stake in shares of adidas during the second quarter worth $1,616,000.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.