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Sergey Savastiouk's Avatar
published in Blogs
Nov 16, 2019

Canada Goose (GOOS, $35.68) beats quarterly estimates; concerned about Hong King protest impact on business

Canada Goose’s second-quarter earnings and revenue beat analysts’ expectations. However, the company did express concerns about the impact of protests in Hong Kong.

The outdoor apparel maker reported adjusted earnings of  57 Canadian cents a share for the quarter, ahead of analysts' expectations of 43 cents.

Revenue increased +28% from a year ago to  C$294.0 million ($221.6 million), surpassing the Street estimate of C$266.8 million.

Wholesale revenue expanded +22% to C$219.8 million, exceeding analysts' forecast of C$193.5 million. Direct-to-consumer revenue surged +47% to C$74.2 million, on the back of incremental revenue from new retail stores, and beat expectations of C$73.7 million,

Canada Goose recently opened a second store in Hong Kong. But CEO Dani Reiss told analysts on a conference call that the unrest in Hong Kong had a significant effect on the company's business there.

 

Related Ticker: GOOS

GOOS in downward trend: price expected to drop as it breaks its higher Bollinger Band on May 16, 2024

GOOS broke above its upper Bollinger Band on May 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 34 similar instances where the stock broke above the upper band. In of the 34 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 61 cases where GOOS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOOS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 14, 2024. You may want to consider a long position or call options on GOOS as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for GOOS just turned positive on April 17, 2024. Looking at past instances where GOOS's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

GOOS moved above its 50-day moving average on May 16, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GOOS crossed bullishly above the 50-day moving average on May 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOS advanced for three days, in of 288 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 207 cases where GOOS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GOOS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.070) is normal, around the industry mean (3.484). P/E Ratio (33.973) is within average values for comparable stocks, (28.646). GOOS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.937). Dividend Yield (0.000) settles around the average of (0.048) among similar stocks. P/S Ratio (1.359) is also within normal values, averaging (1.925).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GOOS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.

Notable companies

The most notable companies in this group are Nike (NYSE:NKE), Skechers USA (NYSE:SKX), VF Corp (NYSE:VFC), G-III Apparel Group Ltd (NASDAQ:GIII), Canada Goose Holdings (NYSE:GOOS), Lakeland Industries (NASDAQ:LAKE).

Industry description

Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.

Market Cap

The average market capitalization across the Apparel/Footwear Industry is 6.23B. The market cap for tickers in the group ranges from 1.66K to 140.24B. NKE holds the highest valuation in this group at 140.24B. The lowest valued company is SQBGQ at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Industry was 1%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 10%. YUEIF experienced the highest price growth at 44%, while CRTL experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -1%. For the same stocks of the Industry, the average monthly volume growth was 23% and the average quarterly volume growth was 24%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 58
Price Growth Rating: 56
SMR Rating: 65
Profit Risk Rating: 82
Seasonality Score: 23 (-100 ... +100)
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A.I.Advisor
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published General Information

General Information

a manufacturer of outerwear for men, women and children

Industry ApparelFootwear

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
250 Bowie Avenue
Phone
+1 416 780-9850
Employees
4760
Web
https://www.canadagoose.com
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