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Canada Goose (GOOS) Declines More Than Market: Some Information for Investors
ZACKS· 2024-10-01 22:56
Group 1: Stock Performance - Canada Goose (GOOS) closed at $12.32, reflecting a -1.68% change from the previous day's closing price, underperforming the S&P 500's loss of 0.93% [1] - Over the last month, Canada Goose shares increased by 7.37%, outperforming the Retail-Wholesale sector's gain of 5.61% and the S&P 500's gain of 2.17% [1] Group 2: Earnings Forecast - The upcoming earnings report is expected to show an EPS of -$0.06, indicating a 150% decline from the same quarter last year [2] - Quarterly revenue is projected at $188 million, down 10.28% from the previous year [2] Group 3: Fiscal Year Projections - For the entire fiscal year, earnings are estimated at $0.83 per share, representing a +13.7% change from the prior year, while revenue is projected at $971.12 million, reflecting a -1.54% change [3] Group 4: Analyst Estimates - Changes in analyst estimates are crucial as they reflect near-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Canada Goose at 2 (Buy) [6] Group 5: Valuation Metrics - Canada Goose has a Forward P/E ratio of 15.04, which is lower than the industry's Forward P/E of 17.51, indicating a valuation discount [7] - The company has a PEG ratio of 0.69, significantly below the Retail - Apparel and Shoes industry's average PEG ratio of 1.98 [8] Group 6: Industry Context - The Retail - Apparel and Shoes industry holds a Zacks Industry Rank of 101, placing it in the top 41% of over 250 industries, suggesting strong performance potential [9]
What Makes Canada Goose (GOOS) a New Buy Stock
ZACKS· 2024-10-01 17:00
Canada Goose (GOOS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Indi ...
Is Canada Goose (GOOS) a Great Value Stock Right Now?
ZACKS· 2024-10-01 14:45
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis ...
Strength Seen in Canada Goose (GOOS): Can Its 6.8% Jump Turn into More Strength?
ZACKS· 2024-09-30 18:31
Canada Goose (GOOS) shares soared 6.8% in the last trading session to close at $12.67. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.8% gain over the past four weeks. The company's strategic initiatives, including the appointment of Haider Ackermann as Creative Director and the successful launch of innovative products like the Polar Bears International Hoodie and Vancouver Rain Boot, underscore its commitment to brand evoluti ...
Canada Goose (GOOS) Laps the Stock Market: Here's Why
ZACKS· 2024-09-19 22:51
Canada Goose (GOOS) ended the recent trading session at $10.68, demonstrating a +1.71% swing from the preceding day's closing price. This change outpaced the S&P 500's 1.7% gain on the day. Meanwhile, the Dow experienced a rise of 1.26%, and the technology-dominated Nasdaq saw an increase of 2.51%. Shares of the high-end coat maker have depreciated by 9.01% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 4.02% and the S&P 500's gain of 1.27%. Investors will be eagerl ...
Here's Why Canada Goose (GOOS) Fell More Than Broader Market
ZACKS· 2024-09-18 22:56
Canada Goose (GOOS) closed at $10.50 in the latest trading session, marking a -0.76% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.31%. Shares of the high-end coat maker witnessed a loss of 10.94% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.15% and the S&P 500's gain of 1.57%. Market parti ...
Here's Why Canada Goose (GOOS) Gained But Lagged the Market Today
ZACKS· 2024-09-12 22:51
Canada Goose (GOOS) closed the most recent trading day at $10.35, moving +0.49% from the previous trading session. This change lagged the S&P 500's 0.75% gain on the day. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 1%. Prior to today's trading, shares of the high-end coat maker had lost 0.29% over the past month. This has lagged the Retail-Wholesale sector's gain of 7.86% and the S&P 500's gain of 4.03% in that time. The upcoming earnings release of ...
Canada Goose Holdings Inc. (GOOS) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-08-22 14:05
Canada Goose (GOOS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this high-end coat maker have returned +2.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Retail - Apparel and Shoes industry, to which Canada Goose belongs, has gained 5.6% over this period. Now the key question is: Where could the stock be headed in the near term? ...
Canada Goose Holdings Inc. (GOOS) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-08-08 14:06
Canada Goose (GOOS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this high-end coat maker have returned -18.6% over the past month versus the Zacks S&P 500 composite's -6.5% change. The Zacks Retail - Apparel and Shoes industry, to which Canada Goose belongs, has lost 7.9% over this period. Now the key question is: Where could the stock be headed in t ...
Canada Goose's Q1 Shows Challenging Trends, Stock Is Not An Opportunity Yet
Seeking Alpha· 2024-08-01 20:48
Oleg_Ermak/iStock via Getty Images This article reviews Canada Goose Holdings Inc.'s (NYSE:GOOS) 1Q25 (June 2024) results and earnings call. It also revisits my previous Hold rating, which I have maintained on the stock since March 2024. The results were not good and were not in line with expectations, as the company is facing increasing headwinds in retail and wholesale and is trying to restructure its strategy, as discussed in detail in the 4Q24 article. However, these results are not particularly meaning ...