Levi Strauss & Co. (LEVI) ended the latest trading day at $23.54, showing a +0.26% change from the previous day’s close. The company’s shares outperformed the S&P 500’s daily gain of 0.25%. Meanwhile, the Dow recorded a 0.15% gain and the tech-heavy Nasdaq added 0.03%.
Shares of the jeans maker have gained 7.51% over the past month, outperforming the Retail-Wholesale sector’s gain of 0% and the S&P 500’s gain of 3.34%.
Levi Strauss’ upcoming earnings release will be of major interest to investors. The company’s earnings report is scheduled for June 26, 2024. The company’s upcoming EPS is projected to be $0.11, up 175% from the year-ago quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.45 billion, up 8.4% from the year-ago period.
Looking at the full fiscal year, our Zacks Consensus Estimates are projecting earnings of $1.27 per share and revenue of $6.36 billion, which would represent changes of +15.45% and +2.88%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Levi Strauss & Co. These latest adjustments often reflect shifting near-term business patterns, so positive estimate revisions can be interpreted as a good sign for the company’s business outlook.
Research shows that these estimate revisions are directly correlated with near-term share price momentum, and to capitalize on this, we have created the Zacks Rank, a proprietary model which aggregates these estimate changes and provides a functioning rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Levi Strauss & Co. has a Zacks Rank #3 (Hold).
In terms of valuation, Levi Strauss & Co. is currently trading with a Forward P/E ratio of 18.54, which represents a premium compared to its industry’s average Forward P/E ratio of 15.91.
It’s also worth noting that LEVI currently has a PEG ratio of 1.35. The PEG ratio, which is comparable to the widely accepted P/E ratio, also takes into account a company’s expected earnings growth rate. The average PEG ratio for the Retail – Apparel and Footwear industry was 2.24 as of yesterday’s close.
The Retail – Apparel & Footwear industry is part of the Retail & Wholesale sector. This industry is currently ranked 83 in the Zacks Industry Rank, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by determining the average Zacks Rank of the individual stocks that make up the groups, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and more, on Zacks.com.
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Levi Strauss & Co. (LEVI) : Free Stock Analysis Report
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