Levi Strauss Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Levi Strauss & Co. (NYSE:LEVI) is set to release its Q1 earnings after the market closes on April 3, 2024, with analysts forecasting a decrease in earnings per share from 34 cents to 21 cents year-over-year, and a projected quarterly revenue of $1.55 billion. Despite a 3% increase in Q4 revenue year-over-year to $1.64 billion, it fell short of the $1.66 billion consensus estimate. However, its Q4 earnings of 44 cents per share exceeded expectations. Following these announcements, LEVI shares rose 1.6% to close at $20.30. Analysts from UBS, JP Morgan, Wells Fargo, Citigroup, and Stifel have recently updated their ratings and price targets for LEVI, with varying degrees of optimism.
April 02, 2024 | 4:08 pm
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NEUTRAL IMPACT
Levi Strauss & Co. is anticipated to report a decrease in earnings per share for Q1, with analysts adjusting their price targets and ratings ahead of the earnings call.
The anticipation of Levi Strauss's Q1 earnings, coupled with mixed analyst forecasts and recent adjustments in price targets, suggests a cautious outlook. The recent share price increase indicates some investor optimism, but the projected decrease in earnings per share and mixed analyst ratings introduce uncertainty. Therefore, the short-term impact on LEVI's stock price is considered neutral, reflecting the balance between positive and negative expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100