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adidas AG (ETR:ADS) shareholders are probably feeling a little disappointed, since its shares fell 7.1% to €202 in the week after its latest quarterly results. It looks like a credible result overall - although revenues of €6.2b were in line with what the analysts predicted, adidas surprised by delivering a statutory profit of €2.40 per share, a notable 17% above expectations. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on adidas after the latest results.
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Following the latest results, adidas' 26 analysts are now forecasting revenues of €25.7b in 2025. This would be a satisfactory 5.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to bounce 31% to €7.51. Yet prior to the latest earnings, the analysts had been anticipated revenues of €26.1b and earnings per share (EPS) of €7.40 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
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The analysts reconfirmed their price target of €256, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic adidas analyst has a price target of €300 per share, while the most pessimistic values it at €181. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting adidas' growth to accelerate, with the forecast 7.5% annualised growth to the end of 2025 ranking favourably alongside historical growth of 3.2% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.5% annually. adidas is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.