Levi Strauss (LEVI) closed the newest buying and selling day at $17.54, shifting -1.52% from the earlier buying and selling session. The inventory’s change was lower than the S&P 500’s day by day lack of 0.29%. Elsewhere, the Dow misplaced 0.32%, whereas the tech-heavy Nasdaq misplaced 0.5%.
Coming into at this time, shares of the denims maker had gained 1.95% prior to now month. In that very same time, the Retail-Wholesale sector gained 3.53%, whereas the S&P 500 gained 2.52%.
The upcoming earnings launch of Levi Strauss shall be of nice curiosity to buyers. The corporate’s earnings report is predicted on January 29, 2025. The corporate is predicted to report EPS of $0.47, up 6.82% from the prior-year quarter. Concurrently, our newest consensus estimate expects the income to be $1.72 billion, displaying a 4.54% escalation in comparison with the year-ago quarter.
Moreover, buyers ought to regulate any current revisions to analyst forecasts for Levi Strauss. These revisions usually mirror the most recent short-term enterprise traits, which might change steadily. Because of this, we will interpret optimistic estimate revisions as signal for the corporate’s enterprise outlook.
Our analysis reveals that these estimate alterations are instantly linked with the inventory value efficiency within the close to future. Buyers can capitalize on this by utilizing the Zacks Rank. This mannequin considers these estimate modifications and gives a easy, actionable score system.
The Zacks Rank system, spanning from #1 (Sturdy Purchase) to #5 (Sturdy Promote), boasts a formidable observe file of outperformance, audited externally, with #1 ranked shares yielding a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has moved 1.56% decrease. At current, Levi Strauss boasts a Zacks Rank of #4 (Promote).
When it comes to valuation, Levi Strauss is presently being traded at a Ahead P/E ratio of 13.02. This means a reduction in distinction to its business’s Ahead P/E of 16.57.
Additionally, we should always point out that LEVI has a PEG ratio of 1. Akin to the broadly accepted P/E ratio, the PEG ratio additionally accounts for the corporate’s projected earnings progress. The Retail – Attire and Sneakers was holding a median PEG ratio of 1.54 at yesterday’s closing value.
The Retail – Attire and Sneakers business is a part of the Retail-Wholesale sector. This business at present has a Zacks Business Rank of 73, which places it within the high 30% of all 250+ industries.
The Zacks Business Rank evaluates the facility of our distinct business teams by figuring out the common Zacks Rank of the person shares forming the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Bear in mind to use Zacks.com to observe these and extra stock-moving metrics through the upcoming buying and selling periods.
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