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Canada Goose (GOOS) Exceeds Market Returns: Some Facts to Consider

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Canada Goose (GOOS - Free Report) ended the recent trading session at $12.04, demonstrating a +1.69% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.64%. At the same time, the Dow added 1.85%, and the tech-heavy Nasdaq gained 0.2%.

Coming into today, shares of the high-end coat maker had lost 11.64% in the past month. In that same time, the Retail-Wholesale sector gained 2.58%, while the S&P 500 gained 3.82%.

Investors will be eagerly watching for the performance of Canada Goose in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 1, 2024. The company is predicted to post an EPS of -$0.55, indicating a 5.77% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $64.24 million, reflecting a 1.74% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.83 per share and a revenue of $986.24 million, representing changes of +13.7% and 0%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Canada Goose. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health 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.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Canada Goose holds a Zacks Rank of #3 (Hold).

With respect to valuation, Canada Goose is currently being traded at a Forward P/E ratio of 14.27. This expresses a discount compared to the average Forward P/E of 14.96 of its industry.

Meanwhile, GOOS's PEG ratio is currently 2.13. 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 2.13 at the close of the market yesterday.

The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 157, this industry ranks in the bottom 38% of all industries, numbering over 250.

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.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.


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