Analysts Have Just Cut Their Goodfood Market Corp. (TSE:FOOD) Revenue Estimates By 12%
The latest analyst coverage could presage a bad day for Goodfood Market Corp. ( TSE:FOOD ), with the analysts making...
Has the Canadian Consumer Discretionary Sector valuation changed over the past few years?
|Tue, 30 Nov 2021||CA$118.1b||CA$110.5b||CA$6.4b||17x|
|Thu, 28 Oct 2021||CA$115.0b||CA$109.2b||CA$6.7b||17.9x|
|Sat, 25 Sep 2021||CA$120.4b||CA$110.7b||CA$6.6b||18.3x|
|Mon, 23 Aug 2021||CA$121.5b||CA$108.1b||CA$6.5b||17.6x|
|Sat, 10 Jul 2021||CA$126.4b||CA$106.7b||CA$5.8b||16.2x|
|Fri, 02 Apr 2021||CA$118.2b||CA$98.4b||CA$3.2b||20.9x|
|Mon, 04 Jan 2021||CA$103.8b||CA$94.7b||CA$2.2b||22.3x|
|Thu, 08 Oct 2020||CA$83.6b||CA$96.9b||CA$2.0b||15.2x|
|Wed, 01 Jul 2020||CA$78.5b||CA$99.7b||CA$1.3b||14.9x|
|Sat, 04 Apr 2020||CA$60.3b||CA$116.7b||CA$4.5b||8.2x|
|Tue, 07 Jan 2020||CA$99.4b||CA$114.1b||CA$6.2b||13.7x|
|Mon, 30 Sep 2019||CA$110.3b||CA$117.0b||CA$5.7b||14.2x|
|Thu, 04 Jul 2019||CA$108.7b||CA$115.8b||CA$6.7b||16.8x|
|Sun, 07 Apr 2019||CA$109.1b||CA$116.4b||CA$7.2b||15.8x|
|Wed, 09 Jan 2019||CA$100.0b||CA$117.6b||CA$7.0b||14.1x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 16.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Consumer Discretionary industry have declined 7.8% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Which industries have driven the changes within the Canadian Consumer Discretionary sector?
|Online Retail and Ecommerce||-0.38%|
|General Merchanise and Department Stores||-2.17%|
Industry PE: Investors are most optimistic about the Luxury industry which is trading above its 3-year average PE ratio of 47.9x. This is likely because analysts are expecting annual earnings growth of 11%, which is higher than its past year's earnings decline of 24% per year. Meanwhile, investors are most pessimistic about the Specialty Stores industry, which is trading below its 3-year average of 12.4x.
Forecasted Growth: Analysts are most optimistic on the Consumer Durables industry, expecting annual earnings growth of 117% over the next 5 years. Meanwhile, the General Merchanise and Department Stores industry is expected to see its earnings growth to stay flat over the next few years.
Which companies have driven the market over the last 7 days?
|QSP.UN Restaurant Brands International Limited Partnership||0.9%+CA$222.2m||-0.9%||PE17.9x|
|PET Valu Holdings||3.2%+CA$74.2m||n/a||PE30x|
|CTC.A Canadian Tire Corporation||0.5%+CA$52.9m||4.9%||PE9.6x|
|ZZZ Sleep Country Canada Holdings||3.5%+CA$48.3m||59.6%||PE15.9x|
Canada Goose Holdings
Sleep Country Canada Holdings
Canadian Tire Corporation