2 hrs ago
Levi Strauss Shares Face Pressure Ahead of Third-Quarter Earnings
Levi Strauss makes clothing, including denim.
Its shares fell as investors waited for the company to report its latest quarterly results.
Analysts expect the company to earn 36 cents per share and bring in $1.61 billion in revenue.
Some analysts think sales could help the company raise its forecast for the year.
Jefferies lowered its share-price target but still rates the stock a Buy.
UBS kept its Buy rating and higher price target.
The company had beaten analysts' estimates in the previous quarter.
It also reported that someone accessed company files in August, but said consumer data was not affected.
Levi Strauss shares fell 3.17% to $19.88 on Wednesday morning as investors awaited its Q3 2026 results.
Analysts expect adjusted earnings of $0.36 per share and revenue of $1.61 billion, up 4.5% year over year.
Jefferies lowered its price target to $25 from $27 but kept a Buy rating; UBS retained its Buy rating and $34 target.
UBS expects stronger revenue to support a higher fiscal 2026 earnings-per-share outlook and sees Q4 as important for operating margins.
The company said an August cybersecurity incident involved unauthorized access to files, but consumer data was not affected.
- Who
- Levi Strauss & Co. and investors awaiting its results.
- What
- The company is due to report Q3 2026 earnings, with analysts expecting $0.36 adjusted earnings per share and $1.61 billion in revenue.
- Where
- The United States market.
- When
- The report is scheduled for after the US market closes on Wednesday; the article does not specify the date.
- Why
- Investors are assessing the company's growth and whether it may improve its fiscal 2026 outlook.
Cautious signals
Reasons for optimism
Share outlook
Cautious signals
Jefferies cut its price target from $27 to $25, and the shares were down 3.17% on Wednesday morning.
Reasons for optimism
Jefferies maintained its Buy rating, while UBS reiterated Buy and kept its $34 target.
Earnings outlook
Cautious signals
The article notes investors are waiting to see whether Levi Strauss can sustain growth and improve its outlook; the stock is down 4.13% year to date.
Reasons for optimism
Analysts expect revenue growth, and UBS expects stronger revenue to support an improvement in fiscal 2026 earnings-per-share guidance.
Key facts
- Expected adjusted earnings
- $0.36 per share
- Expected revenue
- $1.61 billion, 4.5% above the year-ago period
- Share price
- $19.88, down 3.17% or $0.65 at 10:21 a.m. EDT Wednesday
- 52-week trading range
- $17.92 low to $25.53 high
- Year-to-date share performance
- Down 4.13%
- Jefferies rating and target
- Buy rating; price target cut from $27 to $25
- UBS rating and target
- Buy rating; $34 price target retained
- August cybersecurity incident
- Unauthorized access to company files through social engineering; the company said consumer data was not affected
Sources
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