Telsey Advisory Group Raises Earnings Estimates for adidas

adidas AG (OTCMKTS:ADDYY) – Analysts at Telsey Advisory Group boosted their FY2024 EPS estimates for adidas in a report released on Wednesday, October 30th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of $2.31 per share for the year, up from their previous estimate 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.

ADDYY has been the subject of a number of other research reports. Barclays reissued an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. HSBC cut 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 four have given a buy rating to the company. Based on data from MarketBeat, adidas currently has an average rating of “Moderate Buy”.

adidas Trading Up 0.5 %

ADDYY opened at $120.05 on Thursday. The stock has a market cap of $46.00 billion, a price-to-earnings ratio of 285.83 and a beta of 1.21. adidas has a 1 year low of $87.56 and a 1 year high of $134.39. The stock has a fifty day moving average price of $124.21 and a 200 day moving average price of $122.29.

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

Hedge Funds Weigh In On adidas

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of adidas by 23.9% in 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. Capital Square LLC bought a new position in shares of adidas in the second quarter worth about $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in shares of adidas in the second quarter worth 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.