Canada Goose (GOOS) ended the recent trading session at $13.85, demonstrating a -1.14% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.48%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 0.94%.
The high-end coat maker's shares have seen an increase of 25.31% over the last month, surpassing the Retail-Wholesale sector's gain of 3.02% and the S&P 500's gain of 2.46%.
The upcoming earnings release of Canada Goose will be of great interest to investors. The company's upcoming EPS is projected at -$0.05, signifying a 225.00% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $208.8 million, up 6.36% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.99 per share and revenue of $1.05 billion. These totals would mark changes of +23.75% and +8.22%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Canada Goose. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Canada Goose presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Canada Goose is currently exchanging hands at a Forward P/E ratio of 14.22. This signifies a discount in comparison to the average Forward P/E of 19.76 for its industry.
It is also worth noting that GOOS currently has a PEG ratio of 1.05. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 155, positioning it in the bottom 38% of all 250+ industries.
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.
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 ReportThis article originally published on Zacks Investment Research (zacks.com).
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