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Canada Goose (GOOS) Stock Sinks As Market Gains: What You Should Know
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Canada Goose (GOOS - Free Report) closed at $53.39 in the latest trading session, marking a -1.55% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Heading into today, shares of the high-end coat maker had gained 12.35% over the past month, outpacing the Retail-Wholesale sector's gain of 3.75% and the S&P 500's gain of 3.95% in that time.
Wall Street will be looking for positivity from GOOS as it approaches its next earnings report date. On that day, GOOS is projected to report earnings of $0.02 per share, which would represent a year-over-year decline of 71.43%. Meanwhile, our latest consensus estimate is calling for revenue of $118.39 million, up 19.86% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for GOOS. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.4% higher within the past month. GOOS is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note GOOS's current valuation metrics, including its Forward P/E ratio of 42.7. This valuation marks a premium compared to its industry's average Forward P/E of 13.94.
Meanwhile, GOOS's PEG ratio is currently 1.37. 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. GOOS's industry had an average PEG ratio of 1.35 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 103, putting it in the top 41% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Canada Goose (GOOS) Stock Sinks As Market Gains: What You Should Know
Canada Goose (GOOS - Free Report) closed at $53.39 in the latest trading session, marking a -1.55% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Heading into today, shares of the high-end coat maker had gained 12.35% over the past month, outpacing the Retail-Wholesale sector's gain of 3.75% and the S&P 500's gain of 3.95% in that time.
Wall Street will be looking for positivity from GOOS as it approaches its next earnings report date. On that day, GOOS is projected to report earnings of $0.02 per share, which would represent a year-over-year decline of 71.43%. Meanwhile, our latest consensus estimate is calling for revenue of $118.39 million, up 19.86% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for GOOS. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 0.4% higher within the past month. GOOS is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note GOOS's current valuation metrics, including its Forward P/E ratio of 42.7. This valuation marks a premium compared to its industry's average Forward P/E of 13.94.
Meanwhile, GOOS's PEG ratio is currently 1.37. 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. GOOS's industry had an average PEG ratio of 1.35 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 103, putting it in the top 41% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.