雅虎香港財經 Levi Strauss (LEVI) Laps the Stock Market: Here's Why
Levi Strauss (LEVI) closed the latest trading day at $23.54, indicating a +0.26% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.03%.
Shares of the jeans maker witnessed a gain of 7.51% over the previous month, beating the performance of the Retail-Wholesale sector with its of 0% and the S&P 500's gain of 3.34%.
The upcoming earnings release of Levi Strauss will be of great interest to investors. The company's earnings report is expected on June 26, 2024. The company's upcoming EPS is projected at $0.11, signifying a 175% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.45 billion, up 8.4% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.27 per share and a revenue of $6.36 billion, indicating changes of +15.45% and +2.88%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Levi Strauss. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Levi Strauss holds a Zacks Rank of #3 (Hold).
In terms of valuation, Levi Strauss is presently being traded at a Forward P/E ratio of 18.54. This valuation marks a premium compared to its industry's average Forward P/E of 15.91.
It is also worth noting that LEVI currently has a PEG ratio of 1.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Retail - Apparel and Shoes industry had an average PEG ratio of 2.24 as trading concluded yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 83, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Levi Strauss & Co. (LEVI) : Free Stock Analysis Report
