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Benzinga
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Top Wall Street Forecasters Revamp Levi Strauss Price Expectations Ahead Of Q1 Earnings

1. LEVI to report Q1 earnings on April 7, estimating 28 cents per share. 2. Projected revenue is $1.54 billion, down from $1.56 billion last year. 3. Shares fell 13.7%, closing at $14.44 amid negative market sentiment. 4. Analysts' ratings show a mix of Buy and Equal-Weight with lowered price targets. 5. Previous earnings beat expectations, but current forecasts may disappoint.

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FAQ

Why Bearish?

Declining revenue expectations and recent share price drop indicate bearish sentiment. Historical precedents show price drops often correlate with missed revenue expectations.

How important is it?

Recent earnings report failures and analyst downgrades directly affect investor sentiment towards LEVI.

Why Short Term?

Immediate focus on Q1 earnings report will influence LEVI's stock price. Short-term volatility expected until earnings are announced.

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