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Canada Goose (GOOS) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research

In the latest trading session, Canada Goose (GOOS) closed at $37.23, marking a +1.17% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.95%. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.8%.

Coming into today, shares of the high-end coat maker had lost 25.04% in the past month. In that same time, the Retail-Wholesale sector gained 2.74%, while the S&P 500 gained 2.47%.

Wall Street will be looking for positivity from GOOS as it approaches its next earnings report date. In that report, analysts expect GOOS to post earnings of -$0.17 per share. This would mark a year-over-year decline of 41.67%. Our most recent consensus estimate is calling for quarterly revenue of $37.79 million, up 9.08% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.26 per share and revenue of $754.23 million, which would represent changes of +21.15% and +19.62%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for GOOS. Recent revisions tend to reflect the latest near-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.94% lower. GOOS is currently a Zacks Rank #3 (Hold).

Investors should also note GOOS's current valuation metrics, including its Forward P/E ratio of 29.25. Its industry sports an average Forward P/E of 12.05, so we one might conclude that GOOS is trading at a premium comparatively.

Also, we should mention that GOOS has a PEG ratio of 1.03. 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. GOOS's industry had an average PEG ratio of 1.08 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 89, putting it in the top 35% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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