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Is Canada Goose Holdings (GOOS) Stock Outpacing Its Retail-Wholesale Peers This Year?
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Investors focused on the Retail-Wholesale space have likely heard of Canada Goose Holdings (GOOS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Canada Goose Holdings is one of 228 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GOOS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for GOOS's full-year earnings has moved 16.30% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GOOS has returned 100.19% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 1%. This means that Canada Goose Holdings is outperforming the sector as a whole this year.
To break things down more, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 41 individual companies and currently sits at #53 in the Zacks Industry Rank. Stocks in this group have lost about 10.92% so far this year, so GOOS is performing better this group in terms of year-to-date returns.
GOOS will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.
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Is Canada Goose Holdings (GOOS) Stock Outpacing Its Retail-Wholesale Peers This Year?
Investors focused on the Retail-Wholesale space have likely heard of Canada Goose Holdings (GOOS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Canada Goose Holdings is one of 228 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GOOS is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for GOOS's full-year earnings has moved 16.30% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GOOS has returned 100.19% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 1%. This means that Canada Goose Holdings is outperforming the sector as a whole this year.
To break things down more, GOOS belongs to the Retail - Apparel and Shoes industry, a group that includes 41 individual companies and currently sits at #53 in the Zacks Industry Rank. Stocks in this group have lost about 10.92% so far this year, so GOOS is performing better this group in terms of year-to-date returns.
GOOS will likely be looking to continue its solid performance, so investors interested in Retail-Wholesale stocks should continue to pay close attention to the company.