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.
Why the Market Dipped But Canada Goose (GOOS) Gained Today
Read MoreHide Full Article
Canada Goose (GOOS - Free Report) closed the most recent trading day at $12.17, moving +2.01% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.24% for the day. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.26%.
The high-end coat maker's shares have seen an increase of 10.67% over the last month, surpassing the Retail-Wholesale sector's gain of 7.72% and the S&P 500's gain of 6.42%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. The company is forecasted to report an EPS of $0.27, showcasing a 17.39% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $296.3 million, up 10.6% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.58 per share and revenue of $1.09 billion, indicating changes of -27.5% and +11.95%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Canada Goose is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Canada Goose is at present trading with a Forward P/E ratio of 16.57. Its industry sports an average Forward P/E of 16.74, so one might conclude that Canada Goose is trading at a discount comparatively.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 67, putting it in the top 28% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Why the Market Dipped But Canada Goose (GOOS) Gained Today
Canada Goose (GOOS - Free Report) closed the most recent trading day at $12.17, moving +2.01% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.24% for the day. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.26%.
The high-end coat maker's shares have seen an increase of 10.67% over the last month, surpassing the Retail-Wholesale sector's gain of 7.72% and the S&P 500's gain of 6.42%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. The company is forecasted to report an EPS of $0.27, showcasing a 17.39% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $296.3 million, up 10.6% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.58 per share and revenue of $1.09 billion, indicating changes of -27.5% and +11.95%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Canada Goose is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Canada Goose is at present trading with a Forward P/E ratio of 16.57. Its industry sports an average Forward P/E of 16.74, so one might conclude that Canada Goose is trading at a discount comparatively.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 67, putting it in the top 28% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.