Q3 EPS Estimates for adidas Reduced by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY) – Telsey Advisory Group decreased their Q3 2024 earnings estimates for shares of adidas in a report issued on Tuesday, October 15th. Telsey Advisory Group analyst C. Fernandez now forecasts that the company will earn $1.15 per share for the quarter, down from their prior estimate 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.

Separately, Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, adidas presently has an average rating of “Moderate Buy”.

adidas Trading Up 1.2 %

Shares of OTCMKTS:ADDYY opened at $123.76 on Thursday. The company’s 50 day moving average is $124.43 and its two-hundred day moving average is $121.65. The company has a market cap of $47.42 billion, a PE ratio of 294.67 and a beta of 1.21. adidas has a 52 week low of $84.71 and a 52 week high of $134.39.

adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.35 billion.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in adidas by 23.9% during the 2nd 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 boosted its stake in adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares during the period. Capital Square LLC acquired a new stake in adidas during the 2nd quarter worth $1,616,000. Finally, Hantz Financial Services Inc. acquired a new stake in adidas during the 2nd quarter worth $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.