Canada Goose (GOOS - Free Report) closed at $68.39 in the latest trading session, marking a -1.58% move from the prior day. This change was narrower than the S&P 500's daily loss of 3.24%. Elsewhere, the Dow lost 3.1%, while the tech-heavy Nasdaq lost 3.8%.
Heading into today, shares of the high-end coat maker had gained 19.19% over the past month, outpacing the Retail-Wholesale sector's gain of 2.95% and the S&P 500's gain of 2.73% in that time.
Wall Street will be looking for positivity from GOOS as it approaches its next earnings report date. This is expected to be February 14, 2019. The company is expected to report EPS of $0.62, up 34.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $260.65 million, up 24.52% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.01 per share and revenue of $602.75 million, which would represent changes of +53.03% and +29.19%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for GOOS. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 16.43% higher. GOOS is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, GOOS currently has a Forward P/E ratio of 69.08. Its industry sports an average Forward P/E of 14.59, so we one might conclude that GOOS is trading at a premium comparatively.
Meanwhile, GOOS's PEG ratio is currently 2.21. 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 1.6 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 96, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.