adidas FY2024 EPS Forecast Raised by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYYFree Report) – Equities research analysts at Telsey Advisory Group increased their FY2024 earnings estimates for adidas in a research note issued on Tuesday, January 21st. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $2.46 for the year, up from their previous estimate of $2.31. The consensus estimate for adidas’ current full-year earnings is $2.14 per share. Telsey Advisory Group also issued estimates for adidas’ Q3 2025 earnings at $1.56 EPS and FY2025 earnings at $4.06 EPS.

adidas (OTCMKTS:ADDYYGet Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. The firm had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.39%.

ADDYY has been the topic of several other research reports. HSBC cut shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Analysis on adidas

adidas Stock Up 0.7 %

Shares of adidas stock opened at $135.26 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. adidas has a 52-week low of $88.03 and a 52-week high of $135.68. The stock has a market capitalization of $48.30 billion, a price-to-earnings ratio of 104.05 and a beta of 1.18. The company’s 50 day moving average price is $121.99 and its 200-day moving average price is $122.53.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC grew its holdings in shares of adidas AG (OTCMKTS:ADDYYFree Report) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 897 shares of the company’s stock after buying an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent SEC filing.

About adidas

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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.

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