Recap: Levi Strauss Q3 Earnings

Levi StraussLEVI stock rose by 8.46% on Thursday after the company reported its Q3 earnings results on Wednesday, October 6, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Levi Strauss beat their estimated earnings by 29.73%, which surprised analysts.

Revenue was up $435,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.14, which was followed by a 1.36% increase in the share price the next day.

Here's a look at Levi Strauss's past performance and the resulting price change:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Levi Strauss management provided guidance for their next quarter, expecting earnings between $0.38 and $0.4 per share for the nextquarter.

This represents a -18.75% in quarter-over-quarter growth for Levi Strauss, a bearish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.