Telsey Advisory Group Reduces Earnings Estimates for adidas

adidas AG (OTCMKTS:ADDYY) – Investment analysts at Telsey Advisory Group decreased their Q4 2024 earnings per share (EPS) estimates for shares of adidas in a report issued on Wednesday, October 30th. Telsey Advisory Group analyst C. Fernandez now expects that the company will earn ($0.11) per share for the quarter, down from their prior forecast of ($0.10). Telsey Advisory Group currently has a “Outperform” rating on the stock. The consensus estimate for adidas’ current full-year earnings is $2.02 per share.

Other analysts also recently issued reports about the stock. Barclays reaffirmed an “equal weight” rating on shares of adidas in a report on Monday, September 9th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, adidas currently has an average rating of “Moderate Buy”.

adidas Price Performance

adidas stock opened at $121.10 on Friday. adidas has a one year low of $88.03 and a one year high of $134.39. The company’s fifty day moving average price is $124.17 and its two-hundred day moving average price is $122.36.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.11). adidas had a net margin of 1.91% and a return on equity of 7.93%. The firm had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.35 billion.

Hedge Funds Weigh In On adidas

A number of hedge funds have recently made changes to their positions in ADDYY. Hantz Financial Services Inc. bought a new position in shares of adidas during the 2nd quarter worth approximately $4,809,000. Capital Square LLC acquired a new position in adidas during the second quarter worth $1,616,000. Finally, GAMMA Investing LLC lifted its holdings in shares of adidas by 29.4% during the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after acquiring an additional 180 shares during the period.

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.