Canada Goose (GOOS) closed the most recent trading day at $13.72, moving -1.29% from the previous trading session. This change lagged the S&P 500's daily gain of 0.58%.
Heading into today, shares of the high-end coat maker had lost 6.65% over the past month, lagging the Retail-Wholesale sector's loss of 2.75% and the S&P 500's gain of 3.68%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. The company is expected to report EPS of -$0.05, down 225% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $208.8 million, reflecting a 6.36% rise from the equivalent 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.
It is also important to note the recent changes to analyst estimates for Canada Goose. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, the Zacks Consensus EPS estimate has remained steady. Canada Goose currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Canada Goose is currently exchanging hands at a Forward P/E ratio of 14.11. This represents a discount compared to its industry average Forward P/E of 17.84.
Also, we should mention that GOOS has a PEG ratio of 1.04. 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 2.38 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 72, positioning it in the top 30% of all 250+ industries.
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.
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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