Canada Goose (GOOS) ended the recent trading session at $11.40, demonstrating a -2.65% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.49%. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.9%.
Shares of the high-end coat maker have appreciated by 12.49% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 13.56%, and the S&P 500's gain of 12.8%.
The upcoming earnings release of Canada Goose will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.29, reflecting a 26.09% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $297.84 million, indicating a 11.18% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.6 per share and revenue of $1.09 billion. These totals would mark changes of -25% and +11.94%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Canada Goose. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.78% increase. Canada Goose is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, Canada Goose currently has a Forward P/E ratio of 15.82. This expresses a discount compared to the average Forward P/E of 16.47 of its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 35% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).