In the latest close session, Canada Goose (GOOS) was up +1.46% at $7.62. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
Coming into today, shares of the high-end coat maker had lost 9.3% in the past month. In that same time, the Retail-Wholesale sector lost 3.54%, while the S&P 500 gained 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of Canada Goose in its upcoming earnings disclosure. In that report, analysts expect Canada Goose to post earnings of -$0.14 per share. This would mark a year-over-year decline of 40%. Simultaneously, our latest consensus estimate expects the revenue to be $205.73 million, showing a 3.93% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.9 per share and revenue of $1.14 billion, which would represent changes of +60.71% and +3.23%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Canada Goose is carrying a Zacks Rank of #4 (Sell).
In terms of valuation, Canada Goose is currently trading at a Forward P/E ratio of 8.39. Its industry sports an average Forward P/E of 13.97, so one might conclude that Canada Goose is trading at a discount comparatively.
One should further note that GOOS currently holds a PEG ratio of 0.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.16 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 101, this industry ranks in the top 42% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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).