Levi Strauss & Co. (LEVI) ended the latest trading day at $23.70, up 0.51% from the previous trading session. This stock change outpaced the S&P 500’s daily gain of 0.27%. Meanwhile, the Dow fell 0.31%, while the tech-heavy Nasdaq gained 0.88%.
Shares of the jeans maker have gained 3.97% over the past month, leading the Retail-Wholesale sector’s gain of 0.48% and the S&P 500’s gain of 2.85%.
The investment community will be closely monitoring Levi Strauss & Co.’s upcoming earnings report performance. The company’s upcoming EPS is expected to be $0.11, up 175% from the year-ago quarter. At the same time, our latest consensus estimate is calling for revenue of $1.45 billion, up 8.4% from the year-ago quarter.
For the full 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. Such recent changes typically signify a shift in near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Our research shows that these estimate changes are directly correlated with future stock price movements, so to take advantage of this, we have created the Zacks Rank, a quantitative model which incorporates these estimate changes and presents an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive, independently-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained stagnant. Levi Strauss & Co. currently has a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Levi Strauss & Co. has a Forward P/E ratio of 18.62 right now, while its industry has an average Forward P/E of 16.15, so one might conclude that Levi Strauss & Co. is trading at a premium comparatively.
It’s also worth mentioning that LEVI has a PEG ratio of 1.35. This metric is used similarly to the well-known P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. As of yesterday’s close, the average PEG ratio for the Retail – Apparel and Footwear industry was 2.3.
The Retail – Apparel & Footwear industry is part of the Retail & Wholesale sector. Its current Zacks Industry Rank of 63 puts this industry in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the vitality of our particular industry groups by calculating the average Zacks Rank of the individual stocks included in 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 track all of these stock-moving metrics and more by utilizing Zacks.com during the coming trading sessions.
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Levi Strauss & Co. (LEVI) : Free Stock Analysis Report
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