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Here's Why Canada Goose (GOOS) Fell More Than Broader Market
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Canada Goose (GOOS - Free Report) closed at $9.23 in the latest trading session, marking a -5.72% move from the prior day. This move lagged the S&P 500's daily loss of 0.37%. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw a decrease of 1.33%.
Shares of the high-end coat maker have depreciated by 0.2% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 4.65%, and lagging the S&P 500's gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of Canada Goose in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.65, marking a 1.52% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $80.3 million, indicating a 3.07% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.83 per share and a revenue of $1.15 billion, indicating changes of +48.21% and +4.43%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Canada Goose is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Canada Goose is currently exchanging hands at a Forward P/E ratio of 11.8. For comparison, its industry has an average Forward P/E of 16.63, 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 industry currently has a Zacks Industry Rank of 82, which puts it in the top 34% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Here's Why Canada Goose (GOOS) Fell More Than Broader Market
Canada Goose (GOOS - Free Report) closed at $9.23 in the latest trading session, marking a -5.72% move from the prior day. This move lagged the S&P 500's daily loss of 0.37%. Meanwhile, the Dow experienced a rise of 0.29%, and the technology-dominated Nasdaq saw a decrease of 1.33%.
Shares of the high-end coat maker have depreciated by 0.2% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 4.65%, and lagging the S&P 500's gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of Canada Goose in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.65, marking a 1.52% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $80.3 million, indicating a 3.07% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.83 per share and a revenue of $1.15 billion, indicating changes of +48.21% and +4.43%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Canada Goose is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Canada Goose is currently exchanging hands at a Forward P/E ratio of 11.8. For comparison, its industry has an average Forward P/E of 16.63, 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 industry currently has a Zacks Industry Rank of 82, which puts it in the top 34% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.