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In the latest trading session, Levi Strauss (LEVI) closed at $16.23, marking a +0.25% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.76%. Meanwhile, the Dow lost 1.14%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Shares of the jeans maker witnessed a loss of 11.09% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 10.64% and the S&P 500's loss of 7.29%.
The investment community will be closely monitoring the performance of Levi Strauss in its forthcoming earnings report. The company's upcoming EPS is projected at $0.28, signifying a 7.69% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.54 billion, showing a 1.04% drop compared to the year-ago quarter.
LEVI's full-year Zacks Consensus Estimates are calling for earnings of $1.27 per share and revenue of $6.27 billion. These results would represent year-over-year changes of +1.6% and -1.29%, respectively.
It is also important to note the recent changes to analyst estimates for Levi Strauss. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Levi Strauss is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that Levi Strauss has a Forward P/E ratio of 12.78 right now. This indicates a discount in contrast to its industry's Forward P/E of 13.61.
Investors should also note that LEVI has a PEG ratio of 1.67 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.37.