Adidas's Raised Guidance Reflected in Consensus Estimates -- Market Talk

Dow Jones10-16

0747 GMT - Adidas's raised full-year guidance following better-than-expected third-quarter results is already well reflected in consensus estimates, Baader Helvea analyst Volker Bosse says in a research note. The German sportswear company now expects operating profit to reach around 1.2 billion euros, previously estimating around 1 billion euros, and currency-neutral revenue to increase at a rate of around 10%, from a high-single-digit rise previously. The figures are in line with consensus estimates of currency-neutral sales growth at 11% and operating profit at 1.181 billion, Bosse says. "We see an uplift potential for our FY24E estimates of around +3% in regard to sales and increase 30% in regard to operating profit," the analyst says. Shares trade 4.0% lower at 230.10 euros. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

October 16, 2024 03:47 ET (07:47 GMT)

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The figures are in line with consensus estimates of currency-neutral sales growth at 11% and operating profit at 1.181 billion, Bosse says. \"We see an uplift potential for our FY24E estimates of around +3% in regard to sales and increase 30% in regard to operating profit,\" the analyst says. Shares trade 4.0% lower at 230.10 euros. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4558":"双十一","ADDYY":"阿迪达斯","BK4585":"ETF&股票定投概念","BK4202":"服装、服饰与奢侈品"},"translate_title":"阿迪达斯上调的指引反映在共识估计中——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ADDYY":0.9},"content_text":"0747 GMT - Adidas's raised full-year guidance following better-than-expected third-quarter results is already well reflected in consensus estimates, Baader Helvea analyst Volker Bosse says in a research note. The German sportswear company now expects operating profit to reach around 1.2 billion euros, previously estimating around 1 billion euros, and currency-neutral revenue to increase at a rate of around 10%, from a high-single-digit rise previously. 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