Can GOOS maintain its earnings momentum?

**Canada Goose (GOOS) faces challenges in maintaining its earnings momentum**:

1. **Soft Revenue Growth and Declining Net Income**: The company's recent financials show a decline in net income by 0.04% and a decrease in total revenue by 8.83%. This trend suggests a weakening in the company's core financial performance, which could impact its earnings momentum.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|GOOS|GOOS.N|Canada Goose|2024 Q4|175.9158057384222|21.965689193451343||169|
|GOOS|GOOS.N|Canada Goose|2025 Q1|15.816840834229188|0.45983991153663134|0.8237210105264279|169|
|GOOS|GOOS.N|Canada Goose|2025 Q2|54.01127776537581|-4.512712099954647|50.344342580485915|169|
|GOOS|GOOS.N|Canada Goose|2025 Q3|-0.036329759967298286|-8.82901885311183|0.6889362286887657|169|

2. **Market Sentiment and Analyst Ratings**: The stock's consensus rating is "Neutral" with an average analyst price target of $9.33, indicating a cautious outlook from analysts. Additionally, the stock has experienced a significant drop, with U.S.-listed shares falling to an all-time low after a downgrade by Barclays, which could dampen investor confidence and affect the company's earnings momentum.

3. **Earnings Expectations and Recent Performance**: Canada Goose is expected to deliver a year-over-year increase in earnings but on lower revenues when it reports results for the quarter ended December 2024. This expectation, coupled with recent underperformance and the impact of the downgrade, may put pressure on the company to maintain its earnings momentum.
4. **Strategic Adjustments and Guidance**: The company has narrowed its annual guidance, indicating a more conservative outlook. For the fourth-quarter, Canada Goose expects earnings per share of C$0.02 to C$0.13, which is below the analysts' estimate. This could reflect a more realistic view of the company's performance but may also contribute to a perception of reduced earnings momentum.
5. **Sector and Economic Factors**: The Retail - Apparel and Shoes industry is competitive, and Canada Goose faces risks due to its reliance on Canadian production and increasing competition from other brands. Additionally, the potential impact of tariffs on imports from Canada could further challenge the company's earnings trajectory.

In conclusion, while Canada Goose has shown some positive earnings surprises in the past, the current financial trends, analyst sentiments, and external factors suggest that maintaining earnings momentum could be challenging for the company.