adidas FY2024 EPS Forecast Raised by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY) – Equities researchers at Telsey Advisory Group boosted their FY2024 EPS estimates for shares of adidas in a research note issued to investors on Tuesday, January 21st. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings of $2.46 per share for the year, up from their prior forecast of $2.31. The consensus estimate for adidas’ current full-year earnings is $2.14 per share. Telsey Advisory Group also issued estimates for adidas’ Q3 2025 earnings at $1.56 EPS and FY2025 earnings at $4.06 EPS.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.39%. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion.

Several other brokerages also recently commented on ADDYY. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

adidas Stock Performance

Shares of ADDYY stock opened at $135.26 on Thursday. The firm has a 50-day moving average of $121.99 and a 200-day moving average of $122.53. The company has a market cap of $48.30 billion, a P/E ratio of 104.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78. adidas has a one year low of $88.03 and a one year high of $135.68.

Hedge Funds Weigh In On adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC boosted its stake in adidas AG (OTCMKTS:ADDYY) by 29.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 792 shares of the company’s stock after purchasing an additional 180 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.