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Levi Strauss (LEVI) closed the most recent trading day at $17.49, moving -1.58% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.59%. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 2.78%.
Coming into today, shares of the jeans maker had lost 1.77% in the past month. In that same time, the Retail-Wholesale sector gained 0.87%, while the S&P 500 lost 2.23%.
Market participants will be closely following the financial results of Levi Strauss in its upcoming release. On that day, Levi Strauss is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 7.69%. At the same time, our most recent consensus estimate is projecting a revenue of $1.54 billion, reflecting a 1.04% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.27 per share and a revenue of $6.27 billion, indicating changes of +1.6% and -1.29%, respectively, from the former year.
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. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.86% lower within the past month. Currently, Levi Strauss is carrying a Zacks Rank of #4 (Sell).
In the context of valuation, Levi Strauss is at present trading with a Forward P/E ratio of 14.03. This valuation marks a discount compared to its industry's average Forward P/E of 14.98.
We can also see that LEVI currently has a PEG ratio of 1.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.08 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 70, positioning it in the top 28% of all 250+ industries.