Levi Strauss(NYSE:LEVI) stock rose by 8.46% on Thursday after the company reported its Q3 earnings results on Wednesday, October 6, 2021 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Levi Strauss beat their estimated earnings by 29.73%, which surprised analysts.
Revenue was up $435,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.14, which was followed by a 1.36% increase in the share price the next day.
Here's a look at Levi Strauss's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 0.37 | 0.09 | 0.25 | 0.15 | -0.22 |
| EPS Actual | 0.48 | 0.23 | 0.34 | 0.20 | 0.08 |
| Price Change % | 8.46% | 1.36% | 2.6% | -5.73% | 5.09% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Levi Strauss management provided guidance for their next quarter, expecting earnings between $0.38 and $0.4 per share for the nextquarter.
This represents a -18.75% in quarter-over-quarter growth for Levi Strauss, a bearish signal to many investors.
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