Earnings Forecast: Levi Strauss Expected to Rise 10.71%

A recent report highlights that Levi Strauss & Co. is set to report earnings, with analysts forecasting a 10.71% increase in EPS compared to last year. The company has consistently exceeded expectations, suggesting positive investor sentiment ahead of the earnings release.

Date: 03-10-2024

AI Rating: 7

The report indicates that Levi Strauss & Co. (LEVI) is projected to report a consensus earnings per share (EPS) of $0.31 for the quarter ending August 31, 2024. This EPS forecast represents a promising 10.71% increase compared to the same quarter last year, reflecting strong potential for revenue growth.

Moreover, Levi has consistently beaten analysts' expectations over the past year, with the most significant outperformance noted in the 2nd calendar quarter, where they surpassed the consensus by an impressive 45.45%. This track record of exceeding expectations could boost investor confidence and positively impact stock prices.

The report also provides information regarding the Price to Earnings (P/E) ratio for Levi, which is 17.48 for 2024, significantly lower than the industry average of 26.70. This suggests that the stock may be undervalued relative to its peers, presenting a potential buy opportunity for investors.

Stocks: LEVI