Telsey Advisory Group Lifts Earnings Estimates for adidas

adidas AG (OTCMKTS:ADDYY - Free Report) - Stock analysts at Telsey Advisory Group upped their FY2024 earnings per share (EPS) estimates for adidas in a note issued to investors on Wednesday, October 30th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $2.31 for the year, up from their previous forecast of $2.13. Telsey Advisory Group 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.

Several other brokerages also recently issued reports on ADDYY. Barclays reiterated an "equal weight" rating on shares of adidas in a research report on Monday, September 9th. HSBC downgraded adidas from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

adidas Price Performance

Shares of ADDYY stock traded down $0.51 during trading on Thursday, reaching $119.54. The company had a trading volume of 31,828 shares, compared to its average volume of 69,027. The firm's 50 day simple moving average is $124.19 and its two-hundred day simple moving average is $122.27. adidas has a one year low of $87.56 and a one year high of $134.39. The company has a market capitalization of $45.81 billion, a PE ratio of 284.62 and a beta of 1.21.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company's stock worth $73,000 after buying an additional 118 shares during the period. Capital Square LLC purchased a new position in adidas in the second quarter valued at about $1,616,000. Finally, Hantz Financial Services Inc. purchased a new position in adidas in the second quarter valued at about $4,809,000.

adidas Company Profile

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.