For the quarter ended August 2024, Levi Strauss (LEVI) reported income of $1.52 billion, up 0.4% over the identical interval final yr. EPS got here in at $0.33, in comparison with $0.28 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $1.55 billion, representing a shock of -2.25%. The corporate delivered an EPS shock of +6.45%, with the consensus EPS estimate being $0.31.
Whereas buyers scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher mission a inventory’s worth efficiency.
Right here is how Levi Strauss carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Geographic Revenues- Americas: $757.20 million versus $788.87 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a -1.2% change.
- Geographic Revenues- Europe: $406.60 million versus $393.20 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a +5.9% change.
- Geographic Revenues- Different Manufacturers: $105.90 million versus the four-analyst common estimate of $117.63 million. The reported quantity represents a year-over-year change of -6.9%.
- Geographic Revenues- Asia: $247.10 million in comparison with the $252.10 million common estimate based mostly on 4 analysts. The reported quantity represents a change of +0.2% yr over yr.
View all Key Company Metrics for Levi Strauss here>>>
Shares of Levi Strauss have returned +12.9% over the previous month versus the Zacks S&P 500 composite’s +1.2% change. The inventory presently has a Zacks Rank #4 (Promote), indicating that it may underperform the broader market within the close to time period.
7 Greatest Shares for the Subsequent 30 Days
Simply launched: Specialists distill 7 elite shares from the present listing of 220 Zacks Rank #1 Robust Buys. They deem these tickers “Most Possible for Early Worth Pops.”
Since 1988, the complete listing has overwhelmed the market greater than 2X over with a median achieve of +23.7% per yr. So make sure to give these hand picked 7 your fast consideration.
Levi Strauss & Co. (LEVI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
