Canada Goose (GOOS) closed at $13.29 in the latest trading session, marking a -1.7% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.5% for the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 0.5%.
The high-end coat maker's shares have seen a decrease of 4.38% over the last month, not keeping up with the Retail-Wholesale sector's gain of 0.66% and the S&P 500's gain of 2.74%.
The investment community will be paying close attention to the earnings performance of Canada Goose in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.05, reflecting a 225% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $208.8 million, indicating a 6.36% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.99 per share and a revenue of $1.05 billion, demonstrating changes of +23.75% and +8.22%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Canada Goose presently features a Zacks Rank of #2 (Buy).
Digging into valuation, Canada Goose currently has a Forward P/E ratio of 13.73. This represents a discount compared to its industry average Forward P/E of 17.6.
Meanwhile, GOOS's PEG ratio is currently 1.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 2.32 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 149, this industry ranks in the bottom 40% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during 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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