We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Signet (SIG) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Signet (SIG - Free Report) ended the recent trading session at $91.86, demonstrating a -1.06% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.
The jewelry company's shares have seen a decrease of 5.76% over the last month, not keeping up with the Retail-Wholesale sector's loss of 0.9% and the S&P 500's gain of 1.39%.
Investors will be eagerly watching for the performance of Signet in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.29, reflecting a 20.83% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.36 billion, indicating a 2% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $10.80 per share and a revenue of $6.84 billion, demonstrating changes of +4.15% and -4.59%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Signet. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Signet presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Signet is currently trading at a Forward P/E ratio of 8.6. Its industry sports an average Forward P/E of 19.92, so one might conclude that Signet is trading at a discount comparatively.
Also, we should mention that SIG has a PEG ratio of 1.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Retail - Jewelry industry stood at 2.12 at the close of the market yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SIG in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Signet (SIG) Dips More Than Broader Market: What You Should Know
Signet (SIG - Free Report) ended the recent trading session at $91.86, demonstrating a -1.06% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq added 0.56%.
The jewelry company's shares have seen a decrease of 5.76% over the last month, not keeping up with the Retail-Wholesale sector's loss of 0.9% and the S&P 500's gain of 1.39%.
Investors will be eagerly watching for the performance of Signet in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.29, reflecting a 20.83% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.36 billion, indicating a 2% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $10.80 per share and a revenue of $6.84 billion, demonstrating changes of +4.15% and -4.59%, respectively, from the preceding year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Signet. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Signet presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Signet is currently trading at a Forward P/E ratio of 8.6. Its industry sports an average Forward P/E of 19.92, so one might conclude that Signet is trading at a discount comparatively.
Also, we should mention that SIG has a PEG ratio of 1.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Retail - Jewelry industry stood at 2.12 at the close of the market yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SIG in the coming trading sessions, be sure to utilize Zacks.com.