Well-known apparel company Levi Strauss (LEVI - Free Report) is set to report quarterly results Thursday after the bell. Levi Strauss, a Zacks Rank #3 (Hold), has a robust history of exceeding earnings estimates. But as retailers have struggled lately, is this recognized brand name a buy heading into earnings?
Shares of LEVI have fallen -35% this year amid continued weakness in the retail space. Analysts are expecting the company to post fiscal Q2 EPS of $0.23 per share, which would translate to a flat quarter versus the same period in the prior year.
While Levi Strauss has a robust history of surpassing earnings estimates (currently on a twelve-quarter run of earnings beats in a row), intense competition and higher expenses are ongoing concerns. LEVI’s Earnings ESP (Expected Surprise Prediction) is +6.67%, indicating another earnings beat may be in the cards for the popular jean maker.
Shares are relatively overvalued at a 10.5 forward P/E compared to LEVI’s industry group (8.94). The stock is in a sustained downtrend and is making a series of lower lows. With other companies faring better off lately, it’s safe to say opportunities exist elsewhere in the current investment environment.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Well-known apparel company Levi Strauss (LEVI - Free Report) is set to report quarterly results Thursday after the bell. Levi Strauss, a Zacks Rank #3 (Hold), has a robust history of exceeding earnings estimates. But as retailers have struggled lately, is this recognized brand name a buy heading into earnings?
Shares of LEVI have fallen -35% this year amid continued weakness in the retail space. Analysts are expecting the company to post fiscal Q2 EPS of $0.23 per share, which would translate to a flat quarter versus the same period in the prior year.
While Levi Strauss has a robust history of surpassing earnings estimates (currently on a twelve-quarter run of earnings beats in a row), intense competition and higher expenses are ongoing concerns. LEVI’s Earnings ESP (Expected Surprise Prediction) is +6.67%, indicating another earnings beat may be in the cards for the popular jean maker.
Shares are relatively overvalued at a 10.5 forward P/E compared to LEVI’s industry group (8.94). The stock is in a sustained downtrend and is making a series of lower lows. With other companies faring better off lately, it’s safe to say opportunities exist elsewhere in the current investment environment.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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