Telsey Advisory Group Expects Stronger Earnings for adidas

adidas AG (OTCMKTS:ADDYY) – Research analysts at Telsey Advisory Group raised their FY2024 earnings per share estimates for adidas in a report released on Tuesday, January 21st. Telsey Advisory Group analyst C. Fernandez now anticipates that the company will post earnings of $2.46 per share for the year, up from their prior forecast of $2.31. The consensus estimate for adidas’ current full-year earnings is $2.21 per share. Telsey Advisory Group also issued estimates for adidas’ Q3 2025 earnings at $1.56 EPS and FY2025 earnings at $4.06 EPS.

ADDYY has been the topic of several other research reports. Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. HSBC cut adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, adidas presently has an average rating of “Moderate Buy”.

adidas Stock Performance

OTCMKTS:ADDYY opened at $133.22 on Thursday. adidas has a fifty-two week low of $88.03 and a fifty-two week high of $135.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The company has a 50 day moving average price of $122.41 and a 200 day moving average price of $122.61. The stock has a market capitalization of $47.57 billion, a P/E ratio of 102.48 and a beta of 1.18.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.39%.

Institutional Investors Weigh In On adidas

An institutional investor recently raised its position in adidas stock. GAMMA Investing LLC raised its stake in adidas AG (OTCMKTS:ADDYY) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 897 shares of the company’s stock after purchasing an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent SEC filing.

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.