Levi Strauss Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Levi Strauss & Co. LEVI is expected to release financial results for the third quarter ended Aug. 27, 2023, after the closing bell on Oct. 5, 2023.

Analysts expect the company to post quarterly earnings at 27 cents per share, down from year-ago earnings of 40 cents per share. The company’s revenue might come in at $1.54 billion, compared to $1.6 billion in the year-ago period.

Levi Strauss shares gained 1.7% to close at $13.43 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Paul Lejuez maintained a Neutral rating and cut the price target from $15 to $14 on July 7, 2023. This analyst has an accuracy rate of 67%.
• Stifel analyst Drew Crum maintained a Buy rating and slashed the price target from $19 to $17 on July 7, 2023. This analyst has an accuracy rate of 70%.
• Wells Fargo analyst Ike Boruchow maintained an Overweight rating and cut the price target from $18 to $15 on July 7, 2023. This analyst has an accuracy rate of 65%.
• Guggenheim analyst Robert Drbul maintained a Buy rating and cut the price target from $22 to $19 on April 10, 2023. This analyst has an accuracy rate of 73%.
• B of A Securities analyst Christopher Nardone maintained a Neutral rating and cut the price target from $18 to $16 on April 10, 2023. This analyst has an accuracy rate of 73%.

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