In the latest trading session, Canada Goose (GOOS - Free Report) closed at $55.49, marking a +1.69% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.65%. Elsewhere, the Dow gained 0.79%, while the tech-heavy Nasdaq added 1.01%.
Heading into today, shares of the high-end coat maker had lost 7.13% over the past month, outpacing the Retail-Wholesale sector's loss of 12.48% and lagging the S&P 500's loss of 6.82% in that time.
Investors will be hoping for strength from GOOS as it approaches its next earnings release, which is expected to be November 8, 2018. On that day, GOOS is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 17.39%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $149.59 million, up 8.8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.86 per share and revenue of $567.02 million. These totals would mark changes of +30.3% and +21.54%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for GOOS. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Within the past 30 days, our consensus EPS projection remained stagnant. GOOS is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note GOOS's current valuation metrics, including its Forward P/E ratio of 63.16. This valuation marks a premium compared to its industry's average Forward P/E of 16.79.
We can also see that GOOS currently has a PEG ratio of 2.06. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. GOOS's industry had an average PEG ratio of 1.68 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 31% of all 250+ industries.
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.
To follow GOOS in the coming trading sessions, be sure to utilize Zacks.com.