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Canada Goose (GOOS) Suffers a Larger Drop Than the General Market: Key Insights
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Canada Goose (GOOS - Free Report) ended the recent trading session at $12.95, demonstrating a -1.07% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%.
The high-end coat maker's stock has dropped by 6.37% in the past month, falling short of the Retail-Wholesale sector's loss of 0.41% and the S&P 500's gain of 0.79%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. In that report, analysts expect Canada Goose to post earnings of $1.14 per share. This would mark year-over-year growth of 3.64%. Meanwhile, our latest consensus estimate is calling for revenue of $459.4 million, up 3.54% from the prior-year quarter.
GOOS's full-year Zacks Consensus Estimates are calling for earnings of $0.67 per share and revenue of $1.04 billion. These results would represent year-over-year changes of -16.25% and +6.81%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Canada Goose boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, Canada Goose is holding a Forward P/E ratio of 19.54. For comparison, its industry has an average Forward P/E of 20.04, which means Canada Goose is trading at a discount to the group.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 43, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Canada Goose (GOOS) Suffers a Larger Drop Than the General Market: Key Insights
Canada Goose (GOOS - Free Report) ended the recent trading session at $12.95, demonstrating a -1.07% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%.
The high-end coat maker's stock has dropped by 6.37% in the past month, falling short of the Retail-Wholesale sector's loss of 0.41% and the S&P 500's gain of 0.79%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. In that report, analysts expect Canada Goose to post earnings of $1.14 per share. This would mark year-over-year growth of 3.64%. Meanwhile, our latest consensus estimate is calling for revenue of $459.4 million, up 3.54% from the prior-year quarter.
GOOS's full-year Zacks Consensus Estimates are calling for earnings of $0.67 per share and revenue of $1.04 billion. These results would represent year-over-year changes of -16.25% and +6.81%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Canada Goose boasts a Zacks Rank of #4 (Sell).
Looking at its valuation, Canada Goose is holding a Forward P/E ratio of 19.54. For comparison, its industry has an average Forward P/E of 20.04, which means Canada Goose is trading at a discount to the group.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 43, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.