Q3 2024 EPS Estimates for adidas AG (OTCMKTS:ADDYY) Reduced by Analyst

adidas AG (OTCMKTS:ADDYY) – Research analysts at Telsey Advisory Group cut their Q3 2024 earnings per share estimates for shares of adidas in a research note issued on Tuesday, October 15th. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings per share of $1.15 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.

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

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

adidas Price Performance

Shares of ADDYY opened at $121.28 on Thursday. adidas has a one year low of $84.71 and a one year high of $134.39. The company’s fifty day moving average price is $124.20 and its 200 day moving average price is $121.56. The company has a market capitalization of $46.47 billion, a PE ratio of 288.76 and a beta of 1.21.

Institutional Trading of adidas

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of adidas by 23.9% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock valued at $73,000 after buying an additional 118 shares during the period. Fisher Asset Management LLC raised its holdings in 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 in the last quarter. Capital Square LLC bought a new stake in shares of adidas in the 2nd quarter worth approximately $1,616,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of adidas during the 2nd quarter worth approximately $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.