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Groups revenues are envisioned to improve at a high-teens rate, backed by growth witnessed across all regions. Further, the company expects operating expense leverage. Considering both factors, management projected net income from continuing operations (excluding goodwill impairment) to grow in the range of 3539% year over year. Additionally, the companys constant product launches, along with its product and marketing initiatives bode well. However, foreign currency headwinds remain a concern, which is expected to have an adverse impact on gross margin. Also, stiff competition from other industry players remains a threat. Thus, we would prefer to wait and see if Adidas can return to its positive surprise track this quarter. Earnings Whispers Our proven model does not conclusively show that Adidas is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
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Adidas unveiled its new Create Yours mens collection on Monday, just in time for the teams representing the three stripe brand to knock the dust off them for conference tournaments. The line, which includes new tops, shorts, shoes and socks will be worn by teams representing Adidas. That includes Arizona State , Indiana , Kansas , Louisville , Texas A&M, Miami, Mississippi State , NC State and Nebraska . Heres a look: Create your moment. adidas Basketball (@adidasHoops) March 6, 2017 Barring unexpected conference runs, this slick gear may not get much postseason viewing. Of that loaded group of teams, only three -- Miami, Kansas, and Louisville -- are currently projected in the NCAA Tournament field by our Jerry Palm . The good news for Adidas is that Kansas and Louisville may be able to flaunt these new threads in front of a lot of March Madness viewers. According to Vegas Insiders , the Jayhawks have the best odds of winning the national title at 13-to-2 (tied with North Carolina), and Louisvilles 17-to-1 odds rank among the top 10 nationally. Add a comment
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