Q4 EPS Estimates for adidas Raised by Telsey Advisory Group

adidas AG (OTCMKTS:ADDYY) – Equities researchers at Telsey Advisory Group increased their Q4 2024 earnings estimates for shares of adidas in a research note issued on Tuesday, October 15th. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will earn ($0.10) per share for the quarter, up from their prior forecast of ($0.22). Telsey Advisory Group 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’ Q4 2025 earnings at $0.21 EPS.

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

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

adidas Price Performance

Shares of adidas stock opened at $123.76 on Friday. The stock has a market cap of $47.42 billion, a price-to-earnings ratio of 294.67 and a beta of 1.21. adidas has a 1 year low of $84.71 and a 1 year high of $134.39. The firm’s 50-day moving average is $124.43 and its two-hundred day moving average is $121.74.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ADDYY. Hantz Financial Services Inc. purchased a new position in adidas during the 2nd quarter worth approximately $4,809,000. Capital Square LLC purchased a new position in shares of adidas during the second quarter worth $1,616,000. Fisher Asset Management LLC lifted its position in adidas by 27.5% during the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after purchasing an additional 2,749 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in adidas by 29.4% in the third quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after purchasing an additional 180 shares during the last quarter.

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.