Canada Goose (GOOS - Free Report) closed at $50.97 in the latest trading session, marking a -1.22% move from the prior day. This change lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq lost 0.26%.
Heading into today, shares of the high-end coat maker had gained 5.13% over the past month, outpacing the Retail-Wholesale sector's gain of 0.34% and the S&P 500's loss of 0.19% in that time.
GOOS will be looking to display strength as it nears its next earnings release. On that day, GOOS is projected to report earnings of $0.02 per share, which would represent a year-over-year decline of 71.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $118.39 million, up 19.86% from the year-ago period.
Any recent changes to analyst estimates for GOOS should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. GOOS is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, GOOS is holding a Forward P/E ratio of 40.63. This represents a premium compared to its industry's average Forward P/E of 13.35.
It is also worth noting that GOOS currently has a PEG ratio of 1.3. 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 1.29 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 79, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.