Zara owner poised for record close as earnings optimism grows
Bloomberg
Inditex
The Zara
The retailer’s fast-fashion business model and online presence have helped the shares climb about 50% this year, besting a retail sector that is the top performer in Europe. The Stoxx Europe 600 Retail Index is up 26% in 2023 as customers have hit the shops following pandemic-era lockdowns.
Inditex is due to announce results on Dec. 13, with analysts expecting the Spanish company to report record quarterly net income, according to data compiled by Bloomberg.
Morgan Stanley
“Inditex continues to outperform and gain market share, led by the company’s continued widening moat and differentiation across product and store experience relative to peers,” Smalley wrote in a note, raising her bull and bear case targets on the stock, but leaving her €38 price target unchanged.
