Q3 EPS Estimates for adidas Reduced by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY) – Research analysts at Telsey Advisory Group cut their Q3 2024 EPS estimates for adidas in a note issued to investors on Tuesday, October 15th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will post earnings per share of $1.15 for the quarter, down from their previous forecast of $1.26. 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’ Q3 2025 earnings at $1.74 EPS.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 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 analyst estimates of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%.

Separately, Barclays reiterated an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

adidas Stock Performance

ADDYY stock opened at $123.76 on Thursday. The firm’s fifty day moving average is $124.43 and its 200 day moving average is $121.65. adidas has a one year low of $84.71 and a one year high of $134.39. The firm has a market cap of $47.42 billion, a PE ratio of 294.67 and a beta of 1.21.

Hedge Funds Weigh In On adidas

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised 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 purchasing an additional 118 shares during the period. Fisher Asset Management LLC raised its stake in shares of adidas by 27.5% in the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after acquiring an additional 2,749 shares during the period. Capital Square LLC purchased a new stake in shares of adidas in the 2nd quarter valued at approximately $1,616,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of adidas in the 2nd quarter valued at 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.