What's In The Cards For Levi Strauss This Earnings Season? Analyst Sees 4.8% Revenue Growth With Margin Strength
Portfolio Pulse from Nabaparna Bhattacharya
Telsey Advisory Group analyst Dana Telsey maintains an Outperform rating on Levi Strauss & Co (NYSE:LEVI) with a price target of $16. The company is expected to post Q4 results on January 25, 2024, with an estimated EPS of $0.44, up from $0.34 last year. Revenue growth is projected at 4.8% to $1.665 billion, with gross margin expansion to 57.0% and operating margin increase to 12.2%. Despite a cautious outlook due to an uncertain macro environment, the DTC business and Asia market show strength, offsetting pressures in North America and Europe wholesale channels.
January 19, 2024 | 8:17 pm
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Analyst Dana Telsey reiterates an Outperform rating on Levi Strauss with a stable price target of $16, anticipating positive Q4 earnings with revenue growth and margin expansion.
The analyst's positive outlook, with expected revenue growth and margin expansion, suggests a bullish sentiment for Levi Strauss in the short term. The reiteration of the Outperform rating and the unchanged price target of $16 indicate confidence in the company's performance, which could lead to a positive investor reaction and potential stock price increase.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100