Telsey Advisory Group Raises Earnings Estimates for adidas

adidas AG (OTCMKTS:ADDYY) – Research analysts at Telsey Advisory Group lifted their FY2024 earnings per share 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 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.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data 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). The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%.

A number of other equities research analysts also recently weighed in on the company. Barclays reaffirmed an “equal weight” rating on shares of adidas in a report on Monday, September 9th. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

adidas Trading Up 0.5 %

OTCMKTS ADDYY opened at $120.05 on Thursday. The stock’s 50 day moving average is $124.21 and its two-hundred day moving average is $122.29. The company has a market capitalization 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of adidas by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares in the last quarter. Capital Square LLC acquired a new position in shares of adidas in the 2nd quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of adidas in the 2nd quarter worth approximately $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.