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Benzinga
47 days

Levi Strauss Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. LEVI's Q2 earnings expected at 13 cents, down from 16 cents last year. 2. Projected revenue of $1.37 billion, lower than last year's $1.44 billion. 3. LEVI shares rose 1.9% to $19.23 before earnings announcement. 4. Analysts maintain varied ratings, with price targets adjusting between $14 and $25. 5. LEVI sold DockersĀ® to Authentic Brands Group in May.

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FAQ

Why Bearish?

Expectations for lower earnings and revenue indicate potential short-term weakness. Historically, similar reports have led to declines in stock prices.

How important is it?

The earnings outlook and revenue projections are critical indicators for investor sentiment. Analyst ratings also play a role in shaping market perceptions.

Why Short Term?

Immediate earnings reports typically affect stock prices quickly. Previous declines after poor earnings forecasts support this notion.

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