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Canada Goose (GOOS) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Canada Goose (GOOS - Free Report) closed at $7.66, marking a -1.29% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
Heading into today, shares of the high-end coat maker had lost 4.79% over the past month, lagging the Retail-Wholesale sector's loss of 4.61% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. It is anticipated that the company will report an EPS of -$0.14, marking a 40% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $205.73 million, reflecting a 3.93% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.9 per share and a revenue of $1.14 billion, indicating changes of +60.71% and +3.23%, respectively, from the former year.
Any recent changes to analyst estimates for Canada Goose should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Canada Goose is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Canada Goose is holding a Forward P/E ratio of 8.67. This indicates a discount in contrast to its industry's Forward P/E of 14.07.
We can also see that GOOS currently has a PEG ratio of 0.49. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
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.
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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Canada Goose (GOOS) Stock Dips While Market Gains: Key Facts
In the latest trading session, Canada Goose (GOOS - Free Report) closed at $7.66, marking a -1.29% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
Heading into today, shares of the high-end coat maker had lost 4.79% over the past month, lagging the Retail-Wholesale sector's loss of 4.61% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. It is anticipated that the company will report an EPS of -$0.14, marking a 40% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $205.73 million, reflecting a 3.93% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.9 per share and a revenue of $1.14 billion, indicating changes of +60.71% and +3.23%, respectively, from the former year.
Any recent changes to analyst estimates for Canada Goose should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Canada Goose is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Canada Goose is holding a Forward P/E ratio of 8.67. This indicates a discount in contrast to its industry's Forward P/E of 14.07.
We can also see that GOOS currently has a PEG ratio of 0.49. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 89, positioning it in the top 37% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.