Canada Goose (GOOS) ended the recent trading session at $9.93, demonstrating a +2.8% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.51%. Elsewhere, the Dow saw a downswing of 0.2%, while the tech-heavy Nasdaq depreciated by 1.47%.
The stock of high-end coat maker has risen by 1.15% in the past month, leading the Retail-Wholesale sector's gain of 0.51% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of Canada Goose in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.65, reflecting a 1.52% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $80.3 million, up 3.07% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.83 per share and a revenue of $1.15 billion, representing changes of +48.21% and +4.43%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Canada Goose holds a Zacks Rank of #3 (Hold).
With respect to valuation, Canada Goose is currently being traded at a Forward P/E ratio of 11.64. For comparison, its industry has an average Forward P/E of 15.67, which means Canada Goose is trading at a discount to the group.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
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