Levi Strauss & Co. Earnings Release Looms
Levi Strauss & Co. (NYSE: LEVI) is all set to announce its third-quarter earnings soon. Anticipation is building as the company gears up to unveil financial results after the closing bell on a Wednesday in early October.
Expected Earnings Growth
Analysts predict that Levi Strauss will report earnings of 31 cents per share, showing an increase from 28 cents per share in the same period last year. Additionally, forecasts suggest the company will achieve quarterly revenue of approximately $1.55 billion, reflecting a positive trajectory in sales.
Recent Performance Insights
A quick look at recent performance reveals that on a Tuesday close, Levi Strauss shares experienced a slight decline of 0.6%, settling at $21.68. This follows a beneficial quarterly report on June 26, where the company announced earnings of 16 cents per share, exceeding the consensus estimate that stood at 11 cents. This indicates that Levi Strauss is effectively navigating market challenges.
Analyst Ratings Overview
In exploring analyst perspectives, let's examine how recent evaluations shape the outlook for Levi Strauss:
- JP Morgan analyst Matthew Boss held a Neutral rating while adjusting the price target from $21 to $20 as of late June, showcasing an accuracy rate of 68%.
- Stifel’s Drew Crum maintained a Buy rating and increased the price target from $24 to $28, reflecting his accuracy rate of 76% as of late June.
- UBS analyst Jay Sole maintained a Buy stance and raised the price target from $23 to $25 in early April, offering a solid accuracy rate of 74%.
- Wells Fargo's Ike Boruchow retained an Equal-Weight rating, adjusting the price target from $17 to $20, confirming an accuracy rate of 73% as of early April.
Investor Considerations
For those considering investing in LEVI stock, the recent insights from analysts provide valuable context. With various ratings indicating potential growth, the company appears to attract investor interest leading up to the earnings release.
Frequently Asked Questions
What are the expected earnings for Levi Strauss in the upcoming quarter?
Analysts expect Levi Strauss to report earnings of 31 cents per share.
What was Levi Strauss's earnings per share in the previous year?
The earnings per share in the previous year was 28 cents.
How did Levi Strauss perform in the last quarterly report?
In the last quarterly report, Levi Strauss reported earnings of 16 cents per share, beating the consensus of 11 cents.
What is the current stock price of Levi Strauss?
Levi Strauss shares closed at $21.68, marking a slight decline of 0.6% recently.
What do analysts think about investing in LEVI stock?
Analysts have given mixed ratings, with several maintaining a Buy rating and others adjusting price targets, indicating potential for growth.
