We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Canada Goose (GOOS) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
In the latest close session, Canada Goose (GOOS - Free Report) 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Canada Goose (GOOS) Exceeds Market Returns: Some Facts to Consider
In the latest close session, Canada Goose (GOOS - Free Report) 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.