Analysts Expect Canada Goose Holdings Inc. (GOOS) to Post $0.16 EPS
Equities analysts expect Canada Goose Holdings Inc. (NYSE:GOOS) to announce earnings of $0.16 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Canada Goose Holdings’ earnings. The highest EPS estimate is $0.19 and the lowest is $0.13. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Canada Goose Holdings will report full-year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.44. For the next year, analysts forecast that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.44 to $0.59. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Canada Goose Holdings.
Canada Goose Holdings (NYSE:GOOS) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.05. The company had revenue of $28.20 million during the quarter, compared to analysts’ expectations of $16.50 million. The firm’s quarterly revenue was up 79.6% on a year-over-year basis.
Several equities research analysts have recently weighed in on the company. BidaskClub upgraded Canada Goose Holdings from a “sell” rating to a “hold” rating in a report on Thursday. Canaccord Genuity reiterated a “buy” rating and issued a $34.00 price target on shares of Canada Goose Holdings in a report on Wednesday, September 6th. Zacks Investment Research upgraded Canada Goose Holdings from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, September 5th. Barclays PLC reiterated an “overweight” rating and issued a $31.00 price target (up from $30.00) on shares of Canada Goose Holdings in a report on Monday, August 14th. Finally, Instinet reiterated a “neutral” rating and issued a $26.00 price target on shares of Canada Goose Holdings in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Canada Goose Holdings currently has an average rating of “Hold” and a consensus price target of C$26.73.
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Canada Goose Holdings (NYSE:GOOS) opened at 18.84 on Monday. Canada Goose Holdings has a 52 week low of $15.20 and a 52 week high of $24.32. The stock has a market capitalization of $2.02 billion and a PE ratio of 104.67. The firm has a 50-day moving average price of $18.57 and a 200-day moving average price of $18.25.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC increased its holdings in Canada Goose Holdings by 58.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,208,283 shares of the company’s stock worth $43,614,000 after purchasing an additional 812,532 shares during the period. Verition Fund Management LLC purchased a new position in Canada Goose Holdings during the 2nd quarter worth $429,000. Tower Research Capital LLC TRC purchased a new position in Canada Goose Holdings during the 2nd quarter worth $295,000. Cubist Systematic Strategies LLC purchased a new position in Canada Goose Holdings during the 2nd quarter worth $127,000. Finally, Point72 Europe London LLP purchased a new position in Canada Goose Holdings during the 2nd quarter worth $2,963,000. Institutional investors own 26.23% of the company’s stock.
Canada Goose Holdings Company Profile
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies in Canada, the United States, and internationally. 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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