Q4 EPS Estimates for adidas Lowered by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY) – Investment analysts at Telsey Advisory Group reduced their Q4 2024 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 earn ($0.11) per share for the quarter, down from their previous forecast of ($0.10). Telsey Advisory Group currently has a “Outperform” rating on the stock. The consensus estimate for adidas’ current full-year earnings is $2.02 per share.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 7.93% and a net margin of 1.91%.

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

adidas Price Performance

ADDYY opened at $121.10 on Friday. The firm has a market capitalization of $46.40 billion, a P/E ratio of 93.15 and a beta of 1.22. adidas has a fifty-two week low of $88.03 and a fifty-two week high of $134.39. The company’s 50-day moving average is $124.17 and its 200 day moving average is $122.46.

Institutional Trading of adidas

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of adidas by 23.9% during the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock valued at $73,000 after purchasing an additional 118 shares in the last quarter. Capital Square LLC purchased a new position in adidas during the second quarter worth about $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in adidas in the 2nd quarter worth about $4,809,000.

About adidas

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.