HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING VIDEO EDUCATION SERVICES
Zacks Rank    Equity Research    Premium Home    My Account    Help    
Quote:
Login Free Membership
Search:

Analyst Blog  

Signet Jewelers Ests Reduced

Share
March 26, 2009 |Comments: 0
Recommended this article (0)
SIG

Signet Jewelers Limited (SIG) is the world's largest specialty retail jeweler and operates leading operations in both the US and UK. The US market accounts for approximately 50% of worldwide jewelry sales and the UK for around 7%. Signet Group's 4th quarter EPS, excluding goodwill impairment charges, matched our estimate of $1.09.

While SIG shares jumped higher on the report, we would caution investors to not get too excited. Challenging economic conditions in both the US and the UK will continue to pressure the company's sales and profit margins in the near term. For fiscal year 2010, the company will cut operating costs by $100 million and limit its capital expenditures to $55 million.

Even so, we are again reducing our estimates for fiscal year 2010, due to the difficult economic environment. We maintain our Hold rating.

Read the full analyst report on SIG

 

More Zacks Resources

Market Summary Feb 10, 2012 01:09 am ET
DJIA 12890.46  6.51 0.05%
NASD 2927.23  0.00 0.00%
S&P 500 1351.95  1.99 0.15%
Partner Center