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Canada Goose (GOOS) Beats Stock Market Upswing: What Investors Need to Know
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In the latest trading session, Canada Goose (GOOS - Free Report) closed at $11.33, marking a +1.16% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.96%. At the same time, the Dow added 0.89%, and the tech-heavy Nasdaq gained 0.94%.
The stock of high-end coat maker has fallen by 4.84% in the past month, lagging the Retail-Wholesale sector's gain of 0.02% and the S&P 500's gain of 0.5%.
Investors will be eagerly watching for the performance of Canada Goose in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.61, reflecting a 5.17% decrease from the same quarter last 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 annual period, the Zacks Consensus Estimates anticipate earnings of $0.88 per share and a revenue of $1 billion, signifying shifts of +10% and +2.89%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Canada Goose. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Canada Goose currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Canada Goose is currently being traded at a Forward P/E ratio of 12.8. This indicates a discount in contrast to its industry's Forward P/E of 16.8.
Also, we should mention that GOOS has a PEG ratio of 0.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Apparel and Shoes industry had an average PEG ratio of 1.93 as trading concluded yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GOOS in the coming trading sessions, be sure to utilize Zacks.com.
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Canada Goose (GOOS) Beats Stock Market Upswing: What Investors Need to Know
In the latest trading session, Canada Goose (GOOS - Free Report) closed at $11.33, marking a +1.16% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.96%. At the same time, the Dow added 0.89%, and the tech-heavy Nasdaq gained 0.94%.
The stock of high-end coat maker has fallen by 4.84% in the past month, lagging the Retail-Wholesale sector's gain of 0.02% and the S&P 500's gain of 0.5%.
Investors will be eagerly watching for the performance of Canada Goose in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.61, reflecting a 5.17% decrease from the same quarter last 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 annual period, the Zacks Consensus Estimates anticipate earnings of $0.88 per share and a revenue of $1 billion, signifying shifts of +10% and +2.89%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Canada Goose. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Canada Goose currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Canada Goose is currently being traded at a Forward P/E ratio of 12.8. This indicates a discount in contrast to its industry's Forward P/E of 16.8.
Also, we should mention that GOOS has a PEG ratio of 0.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Apparel and Shoes industry had an average PEG ratio of 1.93 as trading concluded yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GOOS in the coming trading sessions, be sure to utilize Zacks.com.