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Levi Strauss (LEVI) closed the most recent trading day at $17.54, moving -1.52% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq lost 0.5%.
Coming into today, shares of the jeans maker had gained 1.95% in the past month. In that same time, the Retail-Wholesale sector gained 3.53%, while the S&P 500 gained 2.52%.
The upcoming earnings release of Levi Strauss will be of great interest to investors. The company's earnings report is expected on January 29, 2025. The company is expected to report EPS of $0.47, up 6.82% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.72 billion, showing a 4.54% escalation compared to the year-ago quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Levi Strauss. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.56% lower. At present, Levi Strauss boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Levi Strauss is presently being traded at a Forward P/E ratio of 13.02. This indicates a discount in contrast to its industry's Forward P/E of 16.57.
Also, we should mention that LEVI has a PEG ratio of 1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.