Canada Goose (GOOS) Suffers a Larger Drop Than the General Market: Key Insights

Canada Goose (GOOS) ended the recent trading session at $12.95, demonstrating a -1.07% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.74%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.76%. The high-end coat maker's stock has dropped by 6.37% in the past month, falling short of the Retail-Wholesale sector's loss of 0.41% and the S&P 500's gain of 0.79%.Market participants will be closely following the financial results of Canada Goose in its upcoming release. In that report, analysts expect Canada Goose to post earnings of $1.14 per share. This would mark year-over-year growth of 3.64%. Meanwhile, our latest consensus estimate is calling for revenue of $459.4 million, up 3.54% from the prior-year quarter. GOOS's full-year Zacks Consensus Estimates are calling for earnings of $0.67 per share and revenue of $1.04 billion. These results would represent year-over-year changes of -16.25% and +6.81%, respectively. Investors should also pay attention to any latest changes in analyst estimates for Canada Goose. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Canada Goose boasts a Zacks Rank of #4 (Sell). Looking at its valuation, Canada Goose is holding a Forward P/E ratio of 19.54. For comparison, its industry has an average Forward P/E of 20.04, which means Canada Goose is trading at a discount to the group. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 43, putting it in the top 18% of all 250+ industries. The Zacks Industry Rank is ordered 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks