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Levi Strauss (LEVI) ended the recent trading session at $15.81, demonstrating a -1.25% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.63%. On the other hand, the Dow registered a gain of 0.21%, and the technology-centric Nasdaq increased by 1.52%.
Shares of the jeans maker witnessed a loss of 4.3% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 0.09% and the S&P 500's loss of 0.7%.
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 $0.13, signifying a 18.75% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.37 billion, indicating a 5.23% decrease compared to the same quarter of the previous year.
LEVI's full-year Zacks Consensus Estimates are calling for earnings of $1.23 per share and revenue of $5.97 billion. These results would represent year-over-year changes of -1.6% and -6.11%, respectively.
Investors should also note any recent changes to analyst estimates for Levi Strauss. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 moved 2.89% lower. As of now, Levi Strauss holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Levi Strauss is currently exchanging hands at a Forward P/E ratio of 13.02. For comparison, its industry has an average Forward P/E of 13.41, which means Levi Strauss is trading at a discount to the group.
It is also worth noting that LEVI currently has a PEG ratio of 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.39.