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Canada Goose (GOOS) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Canada Goose (GOOS - Free Report) closed at $55.28, marking a -1.22% move from the previous day. This move lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the high-end coat maker had lost 1.98% over the past month, outpacing the Retail-Wholesale sector's loss of 5.09% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from GOOS as it approaches its next earnings release, which is expected to be February 14, 2019. On that day, GOOS is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 34.78%. Meanwhile, our latest consensus estimate is calling for revenue of $260.65 million, up 24.52% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.01 per share and revenue of $602.75 million, which would represent changes of +53.03% and +29.19%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for GOOS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 16.43% higher within the past month. GOOS is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that GOOS has a Forward P/E ratio of 55.63 right now. For comparison, its industry has an average Forward P/E of 13.61, which means GOOS is trading at a premium to the group.
Investors should also note that GOOS has a PEG ratio of 1.78 right now. 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. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.42 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Canada Goose (GOOS) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Canada Goose (GOOS - Free Report) closed at $55.28, marking a -1.22% move from the previous day. This move lagged the S&P 500's daily loss of 0.04%. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq added 0.16%.
Heading into today, shares of the high-end coat maker had lost 1.98% over the past month, outpacing the Retail-Wholesale sector's loss of 5.09% and the S&P 500's loss of 4.99% in that time.
Investors will be hoping for strength from GOOS as it approaches its next earnings release, which is expected to be February 14, 2019. On that day, GOOS is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 34.78%. Meanwhile, our latest consensus estimate is calling for revenue of $260.65 million, up 24.52% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.01 per share and revenue of $602.75 million, which would represent changes of +53.03% and +29.19%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for GOOS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. The Zacks Consensus EPS estimate has moved 16.43% higher within the past month. GOOS is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that GOOS has a Forward P/E ratio of 55.63 right now. For comparison, its industry has an average Forward P/E of 13.61, which means GOOS is trading at a premium to the group.
Investors should also note that GOOS has a PEG ratio of 1.78 right now. 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. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.42 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 21% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.