Levi Strauss (LEVI) closed at $18.39 within the newest buying and selling session, marking a -1.5% transfer from the prior day. The inventory’s efficiency was forward of the S&P 500’s every day lack of 1.71%. Then again, the Dow registered a lack of 1.7%, and the technology-centric Nasdaq decreased by 2.2%.
The denims maker’s inventory has climbed by 4.83% prior to now month, exceeding the Retail-Wholesale sector’s acquire of 4% and the S&P 500’s acquire of two.2%.
Buyers will probably be eagerly looking ahead to the efficiency of Levi Strauss in its upcoming earnings disclosure. The corporate’s upcoming EPS is projected at $0.28, signifying a 7.69% enhance in comparison with the identical quarter of the earlier 12 months. On the similar time, our most up-to-date consensus estimate is projecting a income of $1.54 billion, reflecting a 1.04% fall from the equal quarter final 12 months.
For the annual interval, the Zacks Consensus Estimates anticipate earnings of $1.27 per share and a income of $6.27 billion, signifying shifts of +1.6% and -1.29%, respectively, from the final 12 months.
Buyers must also pay attention to any current changes to analyst estimates for Levi Strauss. These current revisions are inclined to mirror the evolving nature of short-term enterprise developments. Subsequently, optimistic revisions in estimates convey analysts’ confidence within the firm’s enterprise efficiency and revenue potential.
Our analysis means that these adjustments in estimates have a direct relationship with upcoming inventory worth efficiency. To use this, we have shaped the Zacks Rank, a quantitative mannequin that features these estimate adjustments and presents a viable ranking system.
The Zacks Rank system, spanning from #1 (Sturdy Purchase) to #5 (Sturdy Promote), boasts a formidable monitor report of outperformance, audited externally, with #1 ranked shares yielding a mean annual return of +25% since 1988. Over the previous month, there’s been an 8.43% fall within the Zacks Consensus EPS estimate. Levi Strauss is holding a Zacks Rank of #5 (Sturdy Promote) proper now.
With respect to valuation, Levi Strauss is at the moment being traded at a Ahead P/E ratio of 14.74. This signifies a reduction compared to the common Ahead P/E of 15.35 for its business.
Additionally, we should always point out that LEVI has a PEG ratio of 1.92. The PEG ratio bears resemblance to the continuously used P/E ratio, however this parameter additionally consists of the corporate’s anticipated earnings progress trajectory. The Retail – Attire and Footwear business had a mean PEG ratio of 1.15 as buying and selling concluded yesterday.
The Retail – Attire and Footwear business is a part of the Retail-Wholesale sector. This business at the moment has a Zacks Trade Rank of 75, which places it within the high 30% of all 250+ industries.
The Zacks Trade Rank assesses the energy of our separate business teams by calculating the common Zacks Rank of the person shares contained throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
To comply with LEVI within the coming buying and selling classes, you’ll want to make the most of Zacks.com.
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Levi Strauss & Co. (LEVI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
