Levi Strauss Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Levi Strauss & Co. LEVI is expected to release earnings results for its first quarter, after the closing bell on April 3, 2024.

Analysts expect the San Francisco, California-based company to report quarterly earnings at 21 cents per share, down from 34 cents per share in the year-ago period. Levi Strauss is projected to report quarterly revenue of $1.55 billion, according to data from Benzinga Pro.

On Jan. 25, Levi said fourth-quarter revenue increased 3% year-over-year to $1.64 billion, which missed the consensus estimate of $1.66 billion. The company reported quarterly earnings of 44 cents per share, which beat analyst estimates of 43 cents per share.

Levi Strauss shares gained 1.6% to close at $20.30 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Joseph Parkhill maintained a Buy rating and raised the price target from $21 to $23 on Jan. 29, 2024. This analyst has an accuracy rate of 77%.
• JP Morgan analyst Matthew Boss maintained a Neutral rating and cut the price target from $16 to $15 on Jan. 26, 2024. This analyst has an accuracy rate of 68%.
• Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating and cut the price target from $18 to $17 on Jan. 26, 2024. This analyst has an accuracy rate of 71%.
• Citigroup analyst Paul Lejuez maintained a Neutral rating and slashed the price target from $15 to $14 on July 7, 2023. This analyst has an accuracy rate of 66%.
• Stifel analyst Drew Crum maintained a Buy rating and lowered the price target from $19 to $17 on July 7, 2023. This analyst has an accuracy rate of 72%.

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