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Canada Goose (GOOS) ended the recent trading session at $9.89, demonstrating a -0.9% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.86%, while the tech-heavy Nasdaq lost 0.38%.
Shares of the high-end coat maker witnessed a gain of 0.6% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 4.64% and the S&P 500's loss of 2.2%.
The investment community will be paying close attention to the earnings performance of Canada Goose in its upcoming release. The company's earnings per share (EPS) are projected to be $1.10, reflecting an 8.91% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $444.24 million, showing a 0.85% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.75 per share and a revenue of $957.64 million, representing changes of +2.74% and -2.9%, respectively, from the prior year.
Any recent changes to analyst estimates for Canada Goose should also be noted by investors. 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.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Canada Goose is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Canada Goose is presently trading at a Forward P/E ratio of 13.31. This denotes a discount relative to the industry's average Forward P/E of 16.64.
One should further note that GOOS currently holds a PEG ratio of 0.61. 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. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.63.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 84, this industry ranks in the top 34% of all industries, numbering over 250.