Canada Goose (GOOS - Free Report) closed the most recent trading day at $49.17, moving -0.2% from the previous trading session. This move lagged the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 1.13%.
Heading into today, shares of the high-end coat maker had lost 1.95% over the past month, outpacing the Retail-Wholesale sector's loss of 2.95% and the S&P 500's loss of 2.34% 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%. Our most recent consensus estimate is calling for quarterly revenue of $118.39 million, up 19.86% from the year-ago period.
It is also important to note the recent changes to analyst estimates for GOOS. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. GOOS is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, GOOS is currently trading at a Forward P/E ratio of 38.79. For comparison, its industry has an average Forward P/E of 12.88, which means GOOS is trading at a premium to the group.
Meanwhile, GOOS's PEG ratio is currently 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.24 at yesterday's closing price.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.