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Canada Goose (GOOS) Rises Higher Than Market: Key Facts
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In the latest close session, Canada Goose (GOOS - Free Report) was up +1.33% at $9.91. The stock outpaced the S&P 500's daily gain of 0.3%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 0.86%.
The high-end coat maker's stock has dropped by 17.95% in the past month, falling short of the Retail-Wholesale sector's loss of 7.18% and the S&P 500's gain of 1.92%.
The investment community will be closely monitoring the performance of Canada Goose in its forthcoming earnings report. The company is expected to report EPS of -$0.65, up 1.52% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $80.3 million, up 3.07% from the year-ago period.
GOOS's full-year Zacks Consensus Estimates are calling for earnings of $0.83 per share and revenue of $1.15 billion. These results would represent year-over-year changes of +48.21% and +4.43%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
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 last 30 days, the Zacks Consensus EPS estimate has moved 12.16% higher. Right now, Canada Goose possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Canada Goose is currently exchanging hands at a Forward P/E ratio of 11.78. This expresses a discount compared to the average Forward P/E of 16.68 of its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 80, this industry ranks in the top 33% of all industries, numbering over 250.
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.
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Canada Goose (GOOS) Rises Higher Than Market: Key Facts
In the latest close session, Canada Goose (GOOS - Free Report) was up +1.33% at $9.91. The stock outpaced the S&P 500's daily gain of 0.3%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq added 0.86%.
The high-end coat maker's stock has dropped by 17.95% in the past month, falling short of the Retail-Wholesale sector's loss of 7.18% and the S&P 500's gain of 1.92%.
The investment community will be closely monitoring the performance of Canada Goose in its forthcoming earnings report. The company is expected to report EPS of -$0.65, up 1.52% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $80.3 million, up 3.07% from the year-ago period.
GOOS's full-year Zacks Consensus Estimates are calling for earnings of $0.83 per share and revenue of $1.15 billion. These results would represent year-over-year changes of +48.21% and +4.43%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
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 last 30 days, the Zacks Consensus EPS estimate has moved 12.16% higher. Right now, Canada Goose possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Canada Goose is currently exchanging hands at a Forward P/E ratio of 11.78. This expresses a discount compared to the average Forward P/E of 16.68 of its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 80, this industry ranks in the top 33% of all industries, numbering over 250.
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.