Canada Goose (GOOS - Free Report) closed at $36.68 in the latest trading session, marking a +1.24% move from the prior day. This change outpaced the S&P 500's 0.16% loss on the day. At the same time, the Dow lost 0.07%, and the tech-heavy Nasdaq lost 0.52%.
Coming into today, shares of the high-end coat maker had lost 27.35% in the past month. In that same time, the Retail-Wholesale sector gained 2.58%, while the S&P 500 gained 3.12%.
Investors will be hoping for strength from GOOS as it approaches its next earnings release. In that report, analysts expect GOOS to post earnings of -$0.17 per share. This would mark a year-over-year decline of 41.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $37.79 million, up 9.08% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.26 per share and revenue of $754.23 million, which would represent changes of +21.15% and +19.62%, respectively, from the prior year.
Any recent changes to analyst estimates for GOOS should also be noted by investors. These revisions help to show the ever-changing nature of 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.94% lower. GOOS is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that GOOS has a Forward P/E ratio of 28.8 right now. For comparison, its industry has an average Forward P/E of 11.94, which means GOOS is trading at a premium to the group.
It is also worth noting that GOOS currently has a PEG ratio of 1.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Apparel and Shoes was holding an average PEG ratio of 1.06 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 90, which puts it in the top 36% 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.