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Unveiling Levi Strauss (LEVI) Q2 Outlook: Wall Street Estimates for Key Metrics
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Wall Street analysts expect Levi Strauss (LEVI - Free Report) to post quarterly earnings of $0.24 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. Revenues are expected to be $1.52 billion, up 4.8% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship 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.
In light of this perspective, let's dive into the average estimates of certain Levi Strauss metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Total Levi?s Brands Net Revenues' stands at $1.48 billion. The estimate points to a change of +4.8% from the year-ago quarter.
The consensus among analysts is that 'Geographic Revenues- Americas' will reach $778.61 million. The estimate indicates a year-over-year change of +4.1%.
It is projected by analysts that the 'Geographic Revenues- Europe' will reach $422.36 million. The estimate suggests a change of +4.8% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenues- Asia' of $274.89 million. The estimate indicates a change of +6.5% from the prior-year quarter.
Over the past month, Levi Strauss shares have recorded returns of +8.3% versus the Zacks S&P 500 composite's -1.4% change. Based on its Zacks Rank #2 (Buy), LEVI will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling Levi Strauss (LEVI) Q2 Outlook: Wall Street Estimates for Key Metrics
Wall Street analysts expect Levi Strauss (LEVI - Free Report) to post quarterly earnings of $0.24 per share in its upcoming report, which indicates a year-over-year increase of 9.1%. Revenues are expected to be $1.52 billion, up 4.8% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship 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.
In light of this perspective, let's dive into the average estimates of certain Levi Strauss metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Total Levi?s Brands Net Revenues' stands at $1.48 billion. The estimate points to a change of +4.8% from the year-ago quarter.
The consensus among analysts is that 'Geographic Revenues- Americas' will reach $778.61 million. The estimate indicates a year-over-year change of +4.1%.
It is projected by analysts that the 'Geographic Revenues- Europe' will reach $422.36 million. The estimate suggests a change of +4.8% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenues- Asia' of $274.89 million. The estimate indicates a change of +6.5% from the prior-year quarter.
View all Key Company Metrics for Levi Strauss here>>>Over the past month, Levi Strauss shares have recorded returns of +8.3% versus the Zacks S&P 500 composite's -1.4% change. Based on its Zacks Rank #2 (Buy), LEVI will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .