In the latest close session, Canada Goose (GOOS) was up +1.47% at $13.49. The stock outpaced the S&P 500's daily gain of 0.59%. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.44%.
The high-end coat maker's shares have seen an increase of 0.83% over the last month, surpassing the Retail-Wholesale sector's gain of 0.65% and falling behind the S&P 500's gain of 2.72%.
The upcoming earnings release of Canada Goose will be of great interest to investors. The company is expected to report EPS of -$0.05, down 225% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $208.8 million, showing a 6.36% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.99 per share and a revenue of $1.05 billion, indicating changes of +23.75% and +8.22%, respectively, from the former year.
Any recent changes to analyst estimates for Canada Goose should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Canada Goose presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Canada Goose is currently trading at a Forward P/E ratio of 13.49. This denotes a discount relative to the industry average Forward P/E of 17.55.
One should further note that GOOS currently holds a PEG ratio of 0.99. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 2.27.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 154, finds itself in the bottom 38% echelons 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.
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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