Industria de Diseno Textil (IDEXY) Projected to Release Quarterly Earnings on Wednesday

Industria de Diseno Textil (OTCMKTS:IDEXY) is anticipated to post its results before the market opens on Wednesday, September 9th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $12.6642 billion for the quarter.

Industria de Diseno Textil Stock Performance

Shares of OTCMKTS:IDEXY opened at $16.63 on Monday. The firm has a market cap of $207.32 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.70 and a beta of 0.95. The firm has a fifty day moving average price of $16.25 and a 200 day moving average price of $15.67. Industria de Diseno Textil has a fifty-two week low of $12.23 and a fifty-two week high of $17.34.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Industria de Diseno Textil from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Industria de Diseno Textil Company Profile

Industria de Diseno Textil, SA (commonly known as Inditex) is a Spanish multinational apparel company headquartered in Arteixo, Galicia. The group was established in the mid-1980s and traces its roots to the founding of the Zara retail concept by Amancio Ortega and Rosalía Mera in 1975. Inditex is one of the world’s largest fashion retailers and is known for its fast-fashion business model that emphasizes rapid design-to-retail cycles and frequent merchandise turnover.

Inditex designs, produces, distributes and sells a wide range of clothing, accessories and home textiles through a portfolio of well-known brands, including Zara, Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho and Zara Home.