Levi Strauss Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Levi Strauss & Co. (NYSE:LEVI) is set to release its Q3 financial results on Oct. 5, 2023. Analysts predict a decrease in earnings per share and revenue compared to the same period last year. The company's shares gained 1.7% to close at $13.43 on Wednesday. Several analysts have maintained their ratings but cut their price targets for the company.
October 05, 2023 | 2:31 pm
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Levi Strauss is expected to report lower earnings and revenue for Q3. Despite this, the company's shares gained 1.7%. Analysts have cut their price targets but maintained their ratings.
The expected decrease in earnings and revenue could negatively impact the company's stock price. However, the recent gain in shares and the maintained ratings from analysts suggest that the market may have already priced in the expected results.
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