Levi Strauss Q3 Earnings Surpass Estimates
Levi Strauss (NYSE: LEVI) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.45%. A quarter ago, it was expected that this jeans maker would post earnings of $0.11 per share when it actually produced earnings of $0.16, delivering a surprise of 45.45%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Levi Strauss, which belongs to the Zacks Retail – Apparel and Shoes industry, posted revenues of $1.52 billion for the quarter ended August 2024, missing the Zacks Consensus Estimate by 2.25%. This compares to year-ago revenues of $1.51 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Levi Strauss …
Full story available on Benzinga.com
