We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Adidas (ADDYY) Q4 Loss Narrower than Last Year; Sales Jump
Read MoreHide Full Article
Sporting goods company, Adidas AG (ADDYY - Free Report) came out with fourth-quarter 2016 results, wherein the company posted net loss from continuing operations of €9 million (approximately $9.7 million). Nevertheless, this was narrower than the year-ago net loss of €17 million ($18.3 million).
For 2017, management envisions net income from continuing operations to rise in a range of 18% - 20% to €1.2 billion - €1.225 billion.
Revenues: Adidas generated revenues of €4.687 billion ($5.057 billion) that advanced 12% year over year. The Zacks Consensus Estimate stood at $5.1 billion. Revenues jumped 14% on a currency-neutral basis, backed by strong performances by adidas (up 18% on a currency neutral basis) and Reebok (up 3% on currency neutral basis).
Management anticipates currency-neutral sales to advance in a range of 11% - 13% in 2017.
Key Events: Management announced a dividend of €2 per share, which will be payable on May 11, 2017, to stockholders present at the Annual General Meeting.
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Adidas (ADDYY) Q4 Loss Narrower than Last Year; Sales Jump
Sporting goods company, Adidas AG (ADDYY - Free Report) came out with fourth-quarter 2016 results, wherein the company posted net loss from continuing operations of €9 million (approximately $9.7 million). Nevertheless, this was narrower than the year-ago net loss of €17 million ($18.3 million).
For 2017, management envisions net income from continuing operations to rise in a range of 18% - 20% to €1.2 billion - €1.225 billion.
Adidas AG Price and EPS Surprise
Adidas AG Price and EPS Surprise | Adidas AG Quote
Revenues: Adidas generated revenues of €4.687 billion ($5.057 billion) that advanced 12% year over year. The Zacks Consensus Estimate stood at $5.1 billion. Revenues jumped 14% on a currency-neutral basis, backed by strong performances by adidas (up 18% on a currency neutral basis) and Reebok (up 3% on currency neutral basis).
Management anticipates currency-neutral sales to advance in a range of 11% - 13% in 2017.
Key Events: Management announced a dividend of €2 per share, which will be payable on May 11, 2017, to stockholders present at the Annual General Meeting.
Zacks Rank: Currently, Adidas carries a Zacks Rank #2 (Buy) which is subject to change following the just released earnings results. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
8 Stocks with Huge Profit Potential
Just released: Driverless Cars: Your Roadmap to Mega-Profits Today. In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>