Yahoo Finance Levi's (LEVI) Q2 Earnings Report Preview: What To Look For
Denim clothing company Levi's (NYSE:LEVI) will be reporting earnings tomorrow afternoon. Here's what to look for.
Levi's met analysts' revenue expectations last quarter, reporting revenues of $1.56 billion, down 7.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates but a miss of analysts' operating margin estimates.
Is Levi's a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Levi's revenue to grow 8.6% year on year to $1.45 billion, a reversal from the 9.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Levi's has missed Wall Street's revenue estimates four times over the last two years.
With Levi's being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for consumer discretionary stocks.
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