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) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Canada Goose (GOOS - Free Report) closed at $9.45 in the latest trading session, marking a -2.28% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 2.07%.
Coming into today, shares of the high-end coat maker had lost 4.82% in the past month. In that same time, the Retail-Wholesale sector lost 5.89%, while the S&P 500 lost 2.9%.
The upcoming earnings release of Canada Goose will be of great interest to investors. On that day, Canada Goose is projected to report earnings of -$0.65 per share, which would represent year-over-year growth of 1.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $80.3 million, up 3.07% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.83 per share and revenue of $1.15 billion. These totals would mark changes of +48.21% and +4.43%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Canada Goose is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Canada Goose is currently trading at a Forward P/E ratio of 11.65. This signifies a discount in comparison to the average Forward P/E of 16.42 for its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Canada Goose (GOOS) Stock Sinks As Market Gains: What You Should Know
Canada Goose (GOOS - Free Report) closed at $9.45 in the latest trading session, marking a -2.28% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.18%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 2.07%.
Coming into today, shares of the high-end coat maker had lost 4.82% in the past month. In that same time, the Retail-Wholesale sector lost 5.89%, while the S&P 500 lost 2.9%.
The upcoming earnings release of Canada Goose will be of great interest to investors. On that day, Canada Goose is projected to report earnings of -$0.65 per share, which would represent year-over-year growth of 1.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $80.3 million, up 3.07% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.83 per share and revenue of $1.15 billion. These totals would mark changes of +48.21% and +4.43%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Canada Goose is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Canada Goose is currently trading at a Forward P/E ratio of 11.65. This signifies a discount in comparison to the average Forward P/E of 16.42 for its industry.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.