Canada Goose (GOOS) shares plummeted 5.04% in Tuesday's trading session, as investors reacted to analysts' expectations of losses in the company's upcoming earnings report. The sharp decline comes just days before the luxury outerwear manufacturer is set to release its financial results for the quarter ending June 30, 2025.

According to a recent earnings preview, analysts are projecting Canada Goose to report a loss of 88 cents per share in its forthcoming quarterly report, scheduled for July 31. This pessimistic outlook appears to be weighing heavily on investor sentiment, despite expectations of a 5.2% increase in revenue to C$92.706 million compared to the same period last year.

Adding to the downward pressure on the stock, Wall Street's median 12-month price target for Canada Goose stands at $11.00, approximately 24.5% below its previous closing price. The current average analyst rating on the shares is "hold," with an equal split between "hold" and "sell" or "strong sell" recommendations. This cautious stance from analysts, coupled with the anticipated losses, seems to be prompting investors to reassess their positions in the stock ahead of the earnings announcement.