In the latest close session, Canada Goose (GOOS) was up +2.65% at $11.63. This change outpaced the S&P 500's 1.11% gain on the day. At the same time, the Dow added 1.19%, and the tech-heavy Nasdaq gained 1.43%.
Shares of the high-end coat maker have depreciated by 3.74% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.9%, and the S&P 500's gain of 3.92%.
Investors will be eagerly watching for the performance of Canada Goose in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.61, showcasing a 5.17% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $66.96 million, indicating a 3.99% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.88 per share and revenue of $1 billion, which would represent changes of +10% and +2.89%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Canada Goose. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Canada Goose is currently a Zacks Rank #2 (Buy).
In terms of valuation, Canada Goose is currently trading at a Forward P/E ratio of 12.95. This represents a discount compared to its industry average Forward P/E of 16.98.
It's also important to note that GOOS currently trades at a PEG ratio of 0.72. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.91 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 189, finds itself in the bottom 24% echelons 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.
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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