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Levi Strauss (LEVI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended August 2024, Levi Strauss (LEVI - Free Report) reported revenue of $1.52 billion, up 0.4% over the same period last year. EPS came in at $0.33, compared to $0.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.55 billion, representing a surprise of -2.25%. The company delivered an EPS surprise of +6.45%, with the consensus EPS estimate being $0.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Levi Strauss performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenues- Americas: $757.20 million versus $788.87 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
Geographic Revenues- Europe: $406.60 million versus $393.20 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.
Geographic Revenues- Other Brands: $105.90 million versus the four-analyst average estimate of $117.63 million. The reported number represents a year-over-year change of -6.9%.
Geographic Revenues- Asia: $247.10 million compared to the $252.10 million average estimate based on four analysts. The reported number represents a change of +0.2% year over year.
Shares of Levi Strauss have returned +12.9% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Levi Strauss (LEVI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended August 2024, Levi Strauss (LEVI - Free Report) reported revenue of $1.52 billion, up 0.4% over the same period last year. EPS came in at $0.33, compared to $0.28 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.55 billion, representing a surprise of -2.25%. The company delivered an EPS surprise of +6.45%, with the consensus EPS estimate being $0.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Levi Strauss performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenues- Americas: $757.20 million versus $788.87 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.2% change.
- Geographic Revenues- Europe: $406.60 million versus $393.20 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.
- Geographic Revenues- Other Brands: $105.90 million versus the four-analyst average estimate of $117.63 million. The reported number represents a year-over-year change of -6.9%.
- Geographic Revenues- Asia: $247.10 million compared to the $252.10 million average estimate based on four analysts. The reported number represents a change of +0.2% year over year.
View all Key Company Metrics for Levi Strauss here>>>Shares of Levi Strauss have returned +12.9% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.