Signet (SIG) closed at $104.91 in the latest trading session, marking a +1.62% move from the prior day. This change outpaced the S&P 500's 1.07% gain on the day. Meanwhile, the Dow gained 1.12%, and the Nasdaq, a tech-heavy index, added 1.37%.
The jewelry company's shares have seen an increase of 7.69% over the last month, surpassing the Retail-Wholesale sector's loss of 5.23% and the S&P 500's gain of 1.08%.
Analysts and investors alike will be keeping a close eye on the performance of Signet in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.16, indicating a 33.33% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.37 billion, up 1.45% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.99 per share and a revenue of $6.8 billion, representing changes of +0.56% and +1.48%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Signet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.43% lower. Currently, Signet is carrying a Zacks Rank of #4 (Sell).
Looking at its valuation, Signet is holding a Forward P/E ratio of 11.48. This expresses a discount compared to the average Forward P/E of 19.9 of its industry.
It is also worth noting that SIG currently has a PEG ratio of 1.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Jewelry industry currently had an average PEG ratio of 3.36 as of yesterday's close.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 223, this industry ranks in the bottom 10% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Signet Jewelers Limited (SIG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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