In the latest close session, Canada Goose (GOOS) was down 2.28% at $11.14. This change lagged the S&P 500's 0.04% loss on the day. Meanwhile, the Dow experienced a drop of 0.57%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The high-end coat maker's stock has climbed by 3.92% in the past month, falling short of the Retail-Wholesale sector's gain of 12.89% and the S&P 500's gain of 12.24%.
The upcoming earnings release of Canada Goose will be of great interest to investors. The company is forecasted to report an EPS of $0.29, showcasing a 26.09% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $297.84 million, up 11.18% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.6 per share and a revenue of $1.09 billion, representing changes of -25% and +11.94%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Canada Goose. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
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 witnessed a 2.78% increase. Canada Goose currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Canada Goose is currently being traded at a Forward P/E ratio of 15.4. This represents a discount compared to its industry average Forward P/E of 16.52.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 79, which puts it in the top 33% 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.
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).