Q4 EPS Estimates for adidas Raised by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY - Free Report) - Telsey Advisory Group boosted their Q4 2024 earnings per share estimates for adidas in a research note issued on Tuesday, October 15th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of ($0.10) per share for the quarter, up from their prior forecast of ($0.22). 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' Q4 2025 earnings at $0.21 EPS.

adidas (OTCMKTS:ADDYY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The company had revenue of $6.27 billion for the quarter, compared to analysts' expectations of $6.35 billion.

Separately, Barclays reissued an "equal weight" rating on shares of adidas in a research note on Monday, September 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, adidas has a consensus rating of "Moderate Buy".

adidas Trading Up 1.2 %

ADDYY traded up $1.43 on Friday, reaching $123.76. The stock had a trading volume of 66,513 shares, compared to its average volume of 69,318. The business's 50-day moving average price is $124.43 and its two-hundred day moving average price is $121.65. The company has a market cap of $47.42 billion, a P/E ratio of 294.67 and a beta of 1.21. adidas has a 12-month low of $84.71 and a 12-month high of $134.39.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently bought and sold shares of ADDYY. GAMMA Investing LLC increased its stake in adidas by 23.9% during the second quarter. GAMMA Investing LLC now owns 612 shares of the company's stock worth $73,000 after acquiring an additional 118 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company's stock worth $1,296,000 after purchasing an additional 2,749 shares during the last quarter. Capital Square LLC purchased a new stake in adidas in the 2nd quarter valued at about $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in adidas in the second quarter valued at about $4,809,000.

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.