Industria de Diseno Textil (IDEXY) Upgraded to Buy: Here's What You Should Know

07.06.24 18:00 Uhr

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Industria de Diseno Textil SA (IDEXY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for Industria de Diseno Textil basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Industria de Diseno Textil imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for Industria de Diseno TextilThis company is expected to earn $1.05 per share for the fiscal year ending January 2025, which represents a year-over-year change of 11.7%.Analysts have been steadily raising their estimates for Industria de Diseno Textil. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.5%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of Industria de Diseno Textil to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Industria de Diseno Textil SA (IDEXY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Inditex S.A. (Industria de Diseno Textil)

Analysen zu Inditex S.A. (Industria de Diseno Textil)

DatumRatingAnalyst
09.07.2024Inditex OutperformBernstein Research
19.06.2024Inditex OutperformBernstein Research
06.06.2024Inditex SellDeutsche Bank AG
06.06.2024Inditex NeutralUBS AG
06.06.2024Inditex OverweightJP Morgan Chase & Co.
DatumRatingAnalyst
09.07.2024Inditex OutperformBernstein Research
19.06.2024Inditex OutperformBernstein Research
06.06.2024Inditex OverweightJP Morgan Chase & Co.
06.06.2024Inditex BuyGoldman Sachs Group Inc.
05.06.2024Inditex KaufenDZ BANK
DatumRatingAnalyst
06.06.2024Inditex NeutralUBS AG
05.06.2024Inditex Sector PerformRBC Capital Markets
05.06.2024Inditex Sector PerformRBC Capital Markets
05.06.2024Inditex NeutralUBS AG
03.06.2024Inditex Sector PerformRBC Capital Markets
DatumRatingAnalyst
06.06.2024Inditex SellDeutsche Bank AG
05.06.2024Inditex SellDeutsche Bank AG
15.03.2024Inditex SellDeutsche Bank AG
13.03.2024Inditex SellDeutsche Bank AG
14.12.2023Inditex SellDeutsche Bank AG

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Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"