Canada Goose (NYSE:GOOS) Releases FY20 Earnings Guidance

Canada Goose (NYSE:GOOS) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of +25% to $1.70 for the period, compared to the Thomson Reuters consensus estimate of $1.69. The company issued revenue guidance of +20% to $996 million, compared to the consensus revenue estimate of $1.04 billion.

Several brokerages recently weighed in on GOOS. Wells Fargo & Co reissued a hold rating on shares of Canada Goose in a research note on Thursday, May 30th. Goldman Sachs Group raised shares of Canada Goose from a neutral rating to a buy rating and cut their target price for the company from $65.00 to $47.00 in a research note on Friday, May 31st. Zacks Investment Research raised shares of Canada Goose from a hold rating to a buy rating and set a $51.00 target price for the company in a research note on Wednesday, July 31st. Bank of America downgraded shares of Canada Goose from a buy rating to a neutral rating and set a $33.50 target price for the company. in a research note on Thursday, May 30th. Finally, HSBC began coverage on shares of Canada Goose in a research note on Monday, May 20th. They issued a buy rating and a $48.32 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $69.25.

NYSE GOOS opened at $43.21 on Wednesday. Canada Goose has a 12 month low of $31.67 and a 12 month high of $72.27. The company’s 50-day moving average is $42.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 3.02. The firm has a market cap of $4.79 billion, a P/E ratio of 42.36, a P/E/G ratio of 1.22 and a beta of 3.03.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. Canada Goose had a net margin of 17.24% and a return on equity of 46.09%. The company had revenue of $156.20 million during the quarter, compared to the consensus estimate of $158.85 million. During the same quarter in the prior year, the company posted $0.09 EPS. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. On average, analysts expect that Canada Goose will post 1.26 EPS for the current fiscal year.

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.

Further Reading: Investing in Growth Stocks

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

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