Brokerages Expect Canada Goose Holdings Inc (NYSE:GOOS) Will Announce Earnings of $0.35 Per Share

Equities analysts predict that Canada Goose Holdings Inc (NYSE:GOOS) will announce earnings of $0.35 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Canada Goose’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.38. Canada Goose also reported earnings per share of $0.35 in the same quarter last year. The company is expected to report its next quarterly earnings report on Wednesday, November 13th.

On average, analysts expect that Canada Goose will report full-year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.23 to $1.31. For the next year, analysts expect that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.58 to $1.61. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Canada Goose.

Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.01. The business had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $54.38 million. Canada Goose had a net margin of 15.60% and a return on equity of 41.47%. The company’s revenue for the quarter was up 59.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) EPS.

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group reduced their price target on shares of Canada Goose from $76.00 to $72.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. DA Davidson boosted their price target on shares of Canada Goose from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Finally, Zacks Investment Research raised shares of Canada Goose from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $64.33.

Large investors have recently made changes to their positions in the company. Kistler Tiffany Companies LLC purchased a new stake in shares of Canada Goose in the second quarter valued at about $29,000. Rehmann Capital Advisory Group raised its holdings in shares of Canada Goose by 454.5% in the first quarter. Rehmann Capital Advisory Group now owns 976 shares of the company’s stock valued at $47,000 after buying an additional 800 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Canada Goose in the second quarter valued at about $52,000. Valeo Financial Advisors LLC raised its holdings in shares of Canada Goose by 2,700.0% in the second quarter. Valeo Financial Advisors LLC now owns 2,100 shares of the company’s stock valued at $81,000 after buying an additional 2,025 shares during the last quarter. Finally, Pathstone Family Office LLC purchased a new stake in shares of Canada Goose in the second quarter valued at about $112,000. 51.37% of the stock is owned by institutional investors and hedge funds.

Shares of Canada Goose stock traded up $0.80 during trading on Monday, hitting $38.76. 98,115 shares of the stock were exchanged, compared to its average volume of 1,138,996. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 1.09 and a beta of 3.16. The firm’s 50-day moving average price is $40.66 and its 200 day moving average price is $42.81. Canada Goose has a 12-month low of $31.67 and a 12-month high of $72.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.38 and a quick ratio of 0.76.

Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.

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Earnings History and Estimates for Canada Goose (NYSE:GOOS)

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