In the latest trading session, Canada Goose (GOOS) closed at $9.95, marking a -1.39% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.57%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq lost 1.15%.
Prior to today's trading, shares of the high-end coat maker had gained 6.21% outpaced the Retail-Wholesale sector's loss of 3.04% and the S&P 500's gain of 2.14%.
The upcoming earnings release of Canada Goose will be of great interest to investors. The company is forecasted to report an EPS of -$0.65, showcasing a 1.52% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $80.3 million, indicating a 3.07% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.83 per share and a revenue of $1.15 billion, signifying shifts of +48.21% and +4.43%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for Canada Goose. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% 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).
Valuation is also important, so investors should note that Canada Goose has a Forward P/E ratio of 12.16 right now. This expresses a discount compared to the average Forward P/E of 16.95 of its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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).