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Canada Goose (GOOS) Stock Moves -1.47%: What You Should Know
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In the latest trading session, Canada Goose (GOOS - Free Report) closed at $47.44, marking a -1.47% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.73%. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, lost 2.07%.
Heading into today, shares of the high-end coat maker had lost 24.79% over the past month, lagging the Retail-Wholesale sector's loss of 9.73% and the S&P 500's loss of 7.09% in that time.
Wall Street will be looking for positivity from GOOS as it approaches its next earnings report date. This is expected to be November 8, 2018. On that day, GOOS is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 17.39%. Meanwhile, our latest consensus estimate is calling for revenue of $149.59 million, up 8.8% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.86 per share and revenue of $567.02 million, which would represent changes of +30.3% and +21.54%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for GOOS. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GOOS currently has a Zacks Rank of #3 (Hold).
In terms of valuation, GOOS is currently trading at a Forward P/E ratio of 55.73. This valuation marks a premium compared to its industry's average Forward P/E of 15.44.
We can also see that GOOS currently has a PEG ratio of 1.82. 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 industry currently had an average PEG ratio of 1.61 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 59, putting it in the top 23% 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.
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Canada Goose (GOOS) Stock Moves -1.47%: What You Should Know
In the latest trading session, Canada Goose (GOOS - Free Report) closed at $47.44, marking a -1.47% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.73%. Meanwhile, the Dow lost 1.19%, and the Nasdaq, a tech-heavy index, lost 2.07%.
Heading into today, shares of the high-end coat maker had lost 24.79% over the past month, lagging the Retail-Wholesale sector's loss of 9.73% and the S&P 500's loss of 7.09% in that time.
Wall Street will be looking for positivity from GOOS as it approaches its next earnings report date. This is expected to be November 8, 2018. On that day, GOOS is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 17.39%. Meanwhile, our latest consensus estimate is calling for revenue of $149.59 million, up 8.8% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.86 per share and revenue of $567.02 million, which would represent changes of +30.3% and +21.54%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for GOOS. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. GOOS currently has a Zacks Rank of #3 (Hold).
In terms of valuation, GOOS is currently trading at a Forward P/E ratio of 55.73. This valuation marks a premium compared to its industry's average Forward P/E of 15.44.
We can also see that GOOS currently has a PEG ratio of 1.82. 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 industry currently had an average PEG ratio of 1.61 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 59, putting it in the top 23% 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.