Analysts on Wall Street project that Levi Strauss (LEVI) will announce quarterly earnings of $0.37 per share in its forthcoming report, representing a decline of 2.6% year over year. Revenues are projected to reach $1.65 billion, increasing 3.2% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Levi Strauss metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Geographic Revenues- Americas' stands at $812.20 million. The estimate points to a change of +3.7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenues- Europe' of $455.30 million. The estimate indicates a change of +13.8% from the prior-year quarter.
Analysts' assessment points toward 'Geographic Revenues- Asia' reaching $339.69 million. The estimate indicates a year-over-year change of +10.3%.
View all Key Company Metrics for Levi Strauss here>>>Shares of Levi Strauss have demonstrated returns of -11% over the past month compared to the Zacks S&P 500 composite's -5% change. With a Zacks Rank #3 (Hold), LEVI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Levi Strauss & Co. (LEVI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).