On Wednesday (December 11), Inditex will become the last IBEX 35 company to present its quarterly results. An event to which the textile giant arrives in an area of annual maximums, a stone’s throw from the 56,34 euros that came to play on the day of last December 5.
Today the titles fell by mid-morning by 0.14% to 55.74 euros within an Ibex 35 that at the same time rose by 0.15%. But so far this year, the increase is 46%, with the company’s market capitalization at 173.66 billion euros. If the current level is compared with the annual minimum of 37.13 euros on January 5, the increase is 50.12%.
Renta 4 analysts expect Inditex to post a profit of 1.8 billion euros in 3Q2024, which represents an increase of 13%. The firm expects that “Inditex will maintain a sales growth rate slightly higher than that of 1H 24, favored by the comparative effect.” Specifically, it estimates sales totaling 9,546 million euros, which represents an increase of 9% compared to 2023.
The market consensus points to a profit of 1,763 million euros and sales of 9,535 million.
While waiting for these figures, analysts are currently cautious regarding Inditex’s stock market future. According to data compiled by Reuters, on average analysts give the stock a rating of ‘comprar‘, but the target price, of 53.67 euros, is below the current price.