Signet (SIG) closed at $91.04 in the latest trading session, marking a -1.78% move from the prior day. This move lagged the S&P 500's daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.24%, and the technology-centric Nasdaq increased by 0.36%.
Prior to today's trading, shares of the jewelry company had gained 17.67% outpaced the Retail-Wholesale sector's gain of 7.33% and the S&P 500's gain of 5.98%.
Analysts and investors alike will be keeping a close eye on the performance of Signet in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.32, marking a 11.86% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.56 billion, reflecting a 1.06% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.3 per share and a revenue of $6.85 billion, indicating changes of +7.29% and +0.46%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Signet. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 past month, the Zacks Consensus EPS estimate has shifted 0.82% downward. Signet is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Signet's current valuation metrics, including its Forward P/E ratio of 9. Its industry sports an average Forward P/E of 17.58, so one might conclude that Signet is trading at a discount comparatively.
It's also important to note that SIG currently trades at a PEG ratio of 1.07. 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 2.15 at the close of the market yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 66, this industry ranks in the top 28% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Signet Jewelers Limited (SIG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).