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Canada Goose (GOOS) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Canada Goose (GOOS - Free Report) was up +1.41% at $7.92. This change outpaced the S&P 500's 0.6% gain on the day. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
Heading into today, shares of the high-end coat maker had gained 2.36% over the past month, outpacing the Retail-Wholesale sector's loss of 1.58% and the S&P 500's gain of 1.34%.
Investors will be eagerly watching for the performance of Canada Goose in its upcoming earnings disclosure. The company is expected to report EPS of -$0.14, down 40% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $205.73 million, showing a 3.93% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and a revenue of $1.14 billion, representing changes of +33.93% and +3.23%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Canada Goose. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Canada Goose currently has a Forward P/E ratio of 10.41. This represents a discount compared to its industry average Forward P/E of 13.99.
One should further note that GOOS currently holds a PEG ratio of 0.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.24 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Canada Goose (GOOS) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Canada Goose (GOOS - Free Report) was up +1.41% at $7.92. This change outpaced the S&P 500's 0.6% gain on the day. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.64%.
Heading into today, shares of the high-end coat maker had gained 2.36% over the past month, outpacing the Retail-Wholesale sector's loss of 1.58% and the S&P 500's gain of 1.34%.
Investors will be eagerly watching for the performance of Canada Goose in its upcoming earnings disclosure. The company is expected to report EPS of -$0.14, down 40% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $205.73 million, showing a 3.93% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and a revenue of $1.14 billion, representing changes of +33.93% and +3.23%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Canada Goose. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Canada Goose currently has a Forward P/E ratio of 10.41. This represents a discount compared to its industry average Forward P/E of 13.99.
One should further note that GOOS currently holds a PEG ratio of 0.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.24 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.