Levi (LEVI, $19.10) beats fiscal Q1 earnings expectations
Levi reported its fiscal first quarter earnings that surpassed analysts’ expectations.
For the three-month period ended Feb. 27, the denim jeans maker’s adjusted earnings came in at 46 cents per share, well above 42 cents expected by analysts polled by Refinitiv.
Revenue of $1.59 billion also exceeded the $1.55 billion expected.
On a year-over-year basis, the company’s sales rose +26% in the Americas, +13% in Europe, and +11% in Asia
For fiscal 2022, Levi reaffirmed its forecast on revenue to grow between 11% and 13% year over year, vs. analysts’ expectation of +11.8%.
The company maintained its earnings projection range between $1.50 and $1.56 per share, compared with analysts’ outlook of $1.54.
LEVI's RSI Indicator recovers from oversold territory
The RSI Oscillator for LEVI moved out of oversold territory on May 12, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 17 similar instances when the indicator left oversold territory. In 13 of the 17 cases the stock moved higher. This puts the odds of a move higher at 76%.
Current price $17.88 is above $17.69 the highest resistance line found by A.I. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -3% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +9% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 28 of 45 cases where LEVI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 62%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on LEVI as a result. In 43 of 63 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
The Moving Average Convergence Divergence (MACD) for LEVI just turned positive on May 25, 2022. Looking at past instances where LEVI's MACD turned positive, the stock continued to rise in 22 of 33 cases over the following month. The odds of a continued upward trend are 67%.
Following a +9.16% 3-day Advance, the price is estimated to grow further. Considering data from situations where LEVI advanced for three days, in 149 of 206 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
LEVI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LEVI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 75%.
The Aroon Indicator for LEVI entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.11.
The Tickeron SMR rating for this company is 25 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 32 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.114) is normal, around the industry mean (2.987). P/E Ratio (12.077) is within average values for comparable stocks, (69.260). LEVI's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.358). Dividend Yield (0.020) settles around the average of (0.040) among similar stocks. P/S Ratio (1.207) is also within normal values, averaging (1.760).
The Tickeron Price Growth Rating for this company is 76 (best 1 - 100 worst), indicating slightly worse than average price growth. LEVI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 91 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LEVI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.
The average market capitalization across the Apparel/Footwear Industry is 4.9B. The market cap for tickers in the group ranges from 1.7K to 168.8B. NKE holds the highest valuation in this group at 168.8B. The lowest valued company is SQBGQ at 1.7K.
The average weekly price growth across all stocks in the Apparel/Footwear Industry was 0.65%. For the same Industry, the average monthly price growth was -8.93%, and the average quarterly price growth was -16.82%. SAML experienced the highest price growth at 124%, while CDGXF experienced the biggest fall at -35.58%.
- 4/27/22 5:34 AM: Levi Strauss & Co (LEVI, $18.59) was a top loser this week, declining -5.44%
- 3/17/22 4:20 AM: Levi Strauss & Co (LEVI, $20.08) was a top weekly gainer, with a +6.47% jump
The average weekly volume growth across all stocks in the Apparel/Footwear Industry was 3.34%. For the same stocks of the Industry, the average monthly volume growth was 35.48% and the average quarterly volume growth was 120.25%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the Volume Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.18.
31 stocks in the group of tickers exhibit a similar positive trend based on the RSI indicator with an average likelihood of 75%.
The most notable companies in this group are Nike (NYSE:NKE), VF Corp (NYSE:VFC), Capri Holdings Limited (NYSE:CPRI), Skechers USA (NYSE:SKX), Canada Goose Holdings (NYSE:GOOS), G-III Apparel Group Ltd (NASDAQ:GIII), Lakeland Industries (NASDAQ:LAKE).
The average market capitalization across the group is 6.3B. The market cap for tickers in the group ranges from 602.8K to 170.3B. NKE holds the highest valuation in this group at 170.3B. The lowest valued company is SAML at 602.8K.
The average weekly price growth across all stocks in the group was 2.97%. For the same group, the average monthly price growth was -7.43%, and the average quarterly price growth was -12.17%. RYPPF experienced the highest price growth at 27.51%, while CDGXF experienced the biggest fall at -35.58%.
- 5/25/22 7:32 AM: Caleres (CAL, $20.93) was a top loser this week, declining -18.69%. Expect a Downtrend reversal
- 5/25/22 7:32 AM: Samsara Luggage (SAML, $0.28) was a top weekly gainer, with a +124% jump
- 5/24/22 7:00 AM: Forward Industries (FORD, $1.6) is a top weekly gainer for penny stocks, rising +15.11%
The average weekly volume growth across all stocks in the group was 210.3%. For the same stocks of the group, the average monthly volume growth was 237.33% and the average quarterly volume growth was 764.14%
- 5/24/22 6:55 AM: The volume for Nexus Energy Services stock increased for four consecutive days, resulting in a record-breaking daily growth of 254% of the 65-Day Volume Moving Average
- 5/21/22 6:24 AM: The volume for Nexus Energy Services stock increased for one day, resulting in a record-breaking daily growth of 237% of the 65-Day Volume Moving Average
- 5/19/22 8:17 AM: The volume for Nexus Energy Services stock increased for one day, resulting in a record-breaking daily growth of 568% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows