Canada Goose (GOOS) ended the recent trading session at $11.24, demonstrating a +2.84% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.62%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.83%.
The stock of high-end coat maker has fallen by 0.36% in the past month, leading the Retail-Wholesale sector's loss of 0.96% and undershooting the S&P 500's gain of 0.8%.
The investment community will be closely monitoring the performance of Canada Goose in its forthcoming earnings report. The company's upcoming EPS is projected at $0.27, signifying a 17.39% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $296.3 million, up 10.6% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.58 per share and a revenue of $1.09 billion, representing changes of -27.5% and +11.95%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Canada Goose is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Canada Goose's current valuation metrics, including its Forward P/E ratio of 15.18. This indicates a discount in contrast to its industry's Forward P/E of 16.33.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 70, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).