Canada Goose (GOOS, $48.31) beats Q2 exoectations
Canada Goose jumped on Friday, after the apparel company reported an unexpected profit for the second quarter. It also boosted its full-year earnings guidance.
For the fiscal 2022 second quarter ended Sept. 26, the company’s adjusted earnings came in at 12 cents, compared to the -10 cent loss expected by FactSet analyst.
Revenue grew +25% from the year-ago quarter to C$232.9 million, exceeding analysts’ estimate of C$206.1 million.
Looking ahead, Canada Goose projects full-year fiscal 2022 adjusted EPS range of C$1.17 to C$1.33, higher than the analyst consensus of $1.15.
The company is expecting revenue of C$1.13 billion to C$1.18 billion, up from the prior projection of C$1 billion. This is also above =analysts’ prediction of C$1.1 billion.
GOOS in upward trend: price expected to rise as it breaks its lower Bollinger Band on May 09, 2022
GOOS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 31 of 36 cases where GOOS's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 86%.
Throughout the month of 04/26/22 - 05/26/22, the price experienced a -5% Downtrend. During the week of 05/19/22 - 05/26/22, the stock fell -5%.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GOOS's RSI Indicator exited the oversold zone, 17 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 42 of 53 cases where GOOS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on GOOS as a result. In 58 of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for GOOS just turned positive on May 17, 2022. Looking at past instances where GOOS's MACD turned positive, the stock continued to rise in 42 of 52 cases over the following month. The odds of a continued upward trend are 81%.
Following a +8.13% 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOS advanced for three days, in 261 of 335 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 75%.
The Aroon Indicator for GOOS entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 62%. During the last month, the daily ratio of advancing to declining volumes was 1.22 to 1.
The Tickeron SMR rating for this company is 44 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable 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 Price Growth Rating for this company is 81 (best 1 - 100 worst), indicating slightly worse than average price growth. GOOS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 88 (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 90 (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 (6.289) is normal, around the industry mean (2.987). P/E Ratio (29.412) is within average values for comparable stocks, (69.260). GOOS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.358). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (2.543) is also within normal values, averaging (1.760).
The Tickeron Profit vs. Risk Rating rating for this company is 92 (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 83, placing this stock worse than average.
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.
The average market capitalization across the Apparel/Footwear Industry is 4.9B. The market cap for tickers in the group ranges from 1.7K to 168.8B. NKE holds the highest valuation in this group at 168.8B. The lowest valued company is SQBGQ at 1.7K.
The average weekly price growth across all stocks in the Apparel/Footwear Industry was 0.65%. For the same Industry, the average monthly price growth was -8.93%, and the average quarterly price growth was -16.82%. SAML experienced the highest price growth at 124%, while CDGXF experienced the biggest fall at -35.58%.
- 5/20/22 5:28 AM: Canada Goose Holdings (GOOS, $20.89) was a top weekly gainer, with a +9.31% jump
- 3/19/22 4:49 AM: Canada Goose Holdings (GOOS, $26.3) was a top weekly gainer, with a +16.79% jump
The average weekly volume growth across all stocks in the Apparel/Footwear Industry was 3.34%. For the same stocks of the Industry, the average monthly volume growth was 35.48% and the average quarterly volume growth was 120.25%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the RSI Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 43%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.17.
29 stocks in the group of tickers confirmed the positive outlook based on the Stochastic indicator with average odds of 74%.
The most notable companies in this group are Nike (NYSE:NKE), VF Corp (NYSE:VFC), Capri Holdings Limited (NYSE:CPRI), Skechers USA (NYSE:SKX), Canada Goose Holdings (NYSE:GOOS), Lakeland Industries (NASDAQ:LAKE).
The average market capitalization across the group is 6.2B. The market cap for tickers in the group ranges from 0 to 170.3B. NKE holds the highest valuation in this group at 170.3B. The lowest valued company is CRTL at 0.
The average weekly price growth across all stocks in the group was 2.13%. For the same group, the average monthly price growth was -6.73%, and the average quarterly price growth was -10.45%. RYPPF experienced the highest price growth at 27.51%, while CDGXF experienced the biggest fall at -35.58%.
- 5/25/22 7:32 AM: Caleres (CAL, $20.93) was a top loser this week, declining -18.69%. Expect a Downtrend reversal
- 5/25/22 7:32 AM: Samsara Luggage (SAML, $0.28) was a top weekly gainer, with a +124% jump
- 5/24/22 7:00 AM: Forward Industries (FORD, $1.6) is a top weekly gainer for penny stocks, rising +15.11%
The average weekly volume growth across all stocks in the group was 209.79%. For the same stocks of the group, the average monthly volume growth was 227.49% and the average quarterly volume growth was 569.28%
- 4/13/22 8:11 AM: The volume for Nitches stock increased for two consecutive days, resulting in a record-breaking daily growth of 593% of the 65-Day Volume Moving Average
- 4/12/22 7:05 AM: The volume for Nitches stock increased for one day, resulting in a record-breaking daily growth of 836% of the 65-Day Volume Moving Average
- 4/6/22 8:45 AM: The volume for Oxford Industries stock increased for four consecutive days, resulting in a record-breaking daily growth of 64% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows