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Countdown to Levi Strauss (LEVI) Q3 Earnings: Wall Street Forecasts for Key Metrics
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Analysts on Wall Street project that Levi Strauss (LEVI - Free Report) will announce quarterly earnings of $0.36 per share in its forthcoming report, representing an increase of 5.9% year over year. Revenues are projected to reach $1.61 billion, increasing 4.5% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Levi Strauss metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Total Levi?s Brands Net Revenues' should arrive at $1.58 billion. The estimate indicates a year-over-year change of +4.5%.
According to the collective judgment of analysts, 'Geographic Revenues- Americas' should come in at $834.05 million. The estimate suggests a change of +3.4% year over year.
The combined assessment of analysts suggests that 'Geographic Revenues- Europe' will likely reach $451.47 million. The estimate indicates a change of +5.9% from the prior-year quarter.
The average prediction of analysts places 'Geographic Revenues- Asia' at $292.56 million. The estimate indicates a year-over-year change of +5.4%.
Over the past month, Levi Strauss shares have recorded returns of -3.8% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #3 (Hold), LEVI will likely exhibit a performance that aligns with 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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Countdown to Levi Strauss (LEVI) Q3 Earnings: Wall Street Forecasts for Key Metrics
Analysts on Wall Street project that Levi Strauss (LEVI - Free Report) will announce quarterly earnings of $0.36 per share in its forthcoming report, representing an increase of 5.9% year over year. Revenues are projected to reach $1.61 billion, increasing 4.5% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Levi Strauss metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Total Levi?s Brands Net Revenues' should arrive at $1.58 billion. The estimate indicates a year-over-year change of +4.5%.
According to the collective judgment of analysts, 'Geographic Revenues- Americas' should come in at $834.05 million. The estimate suggests a change of +3.4% year over year.
The combined assessment of analysts suggests that 'Geographic Revenues- Europe' will likely reach $451.47 million. The estimate indicates a change of +5.9% from the prior-year quarter.
The average prediction of analysts places 'Geographic Revenues- Asia' at $292.56 million. The estimate indicates a year-over-year change of +5.4%.
View all Key Company Metrics for Levi Strauss here>>>Over the past month, Levi Strauss shares have recorded returns of -3.8% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #3 (Hold), LEVI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .