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Levi Strauss (LEVI) Dips More Than Broader Markets: What You Should Know

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Levi Strauss (LEVI - Free Report) closed the most recent trading day at $25.51, moving -1.81% from the previous trading session. This change lagged the S&P 500's daily loss of 0.72%.

Coming into today, shares of the jeans maker had lost 3.74% in the past month. In that same time, the Retail-Wholesale sector lost 2.61%, while the S&P 500 gained 0.11%.

Levi Strauss will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.40, up 100% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.68 billion, up 21.14% from the year-ago period.

Investors should also note any recent changes to analyst estimates for Levi Strauss. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Levi Strauss is currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, Levi Strauss is currently trading at a Forward P/E ratio of 17.18. For comparison, its industry has an average Forward P/E of 12.86, which means Levi Strauss is trading at a premium to the group.

The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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

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