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Canada Goose (GOOS) ended the recent trading session at $8.39, demonstrating a -1.41% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.12%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 2.04%.
The high-end coat maker's shares have seen a decrease of 21.06% over the last month, not keeping up with the Retail-Wholesale sector's loss of 5.39% and the S&P 500's loss of 2.91%.
Market participants will be closely following the financial results of Canada Goose in its upcoming release. In that report, analysts expect Canada Goose to post earnings of $0.16 per share. This would mark year-over-year growth of 14.29%. Meanwhile, the latest consensus estimate predicts the revenue to be $255.62 million, indicating a 3.74% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.71 per share and a revenue of $926.76 million, representing changes of -2.74% and -6.03%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Canada Goose currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, Canada Goose is currently exchanging hands at a Forward P/E ratio of 12.07. Its industry sports an average Forward P/E of 15.08, so one might conclude that Canada Goose is trading at a discount comparatively.
We can also see that GOOS currently has a PEG ratio of 0.81. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.45 at the close of the market yesterday.