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 MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for LEVI turned positive on May 22, 2023. Looking at past instances where LEVI's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where LEVI's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 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 .
The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on LEVI as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LEVI advanced for three days, in of 261 cases, the price rose further within the following month. The odds of a continued upward trend are .
LEVI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
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 of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for LEVI entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (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 (2.629) is normal, around the industry mean (2.928). P/E Ratio (10.695) is within average values for comparable stocks, (24.584). LEVI's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.759). Dividend Yield (0.037) settles around the average of (0.043) among similar stocks. P/S Ratio (0.838) is also within normal values, averaging (1.658).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LEVI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to 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 (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 82, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of jeans, casual apparel, and sportswear
Industry ApparelFootwear
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LEVI and
Correlation & Price change
A.I.dvisor indicates that over the last year, LEVI has been closely correlated with SHOO. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if LEVI jumps, then SHOO could also see price increases.
| Ticker / NAME | Correlation To LEVI | 1D Price Change % | ||
|---|---|---|---|---|
| LEVI | 100% | -1.36% | ||
| SHOO - LEVI | 71% Closely correlated | -1.83% | ||
| GOOS - LEVI | 68% Closely correlated | -1.26% | ||
| UAA - LEVI | 67% Closely correlated | +1.80% | ||
| PVH - LEVI | 65% Loosely correlated | -9.53% | ||
| RL - LEVI | 65% Loosely correlated | -0.21% | ||
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