We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Signet (SIG - Free Report) closed at $86.13, marking a +0.81% move from the previous day. This change lagged the S&P 500's 1.89% gain on the day. At the same time, the Dow added 1.17%, and the tech-heavy Nasdaq gained 0.73%.
Prior to today's trading, shares of the jewelry company had lost 1.83% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 11.09% and the S&P 500's loss of 7.36% in that time.
Investors will be hoping for strength from Signet as it approaches its next earnings release. The company is expected to report EPS of $4.91, up 18.31% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.77 billion, up 26.6% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.15 per share and revenue of $7.78 billion, which would represent changes of +475.83% and +48.9%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Signet. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 11.78% higher within the past month. Signet is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Signet currently has a Forward P/E ratio of 7.03. Its industry sports an average Forward P/E of 14.29, so we one might conclude that Signet is trading at a discount comparatively.
Also, we should mention that SIG has a PEG ratio of 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Jewelry stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 15, putting it in the top 6% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Signet (SIG) Gains But Lags Market: What You Should Know
In the latest trading session, Signet (SIG - Free Report) closed at $86.13, marking a +0.81% move from the previous day. This change lagged the S&P 500's 1.89% gain on the day. At the same time, the Dow added 1.17%, and the tech-heavy Nasdaq gained 0.73%.
Prior to today's trading, shares of the jewelry company had lost 1.83% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 11.09% and the S&P 500's loss of 7.36% in that time.
Investors will be hoping for strength from Signet as it approaches its next earnings release. The company is expected to report EPS of $4.91, up 18.31% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.77 billion, up 26.6% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.15 per share and revenue of $7.78 billion, which would represent changes of +475.83% and +48.9%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Signet. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 11.78% higher within the past month. Signet is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, Signet currently has a Forward P/E ratio of 7.03. Its industry sports an average Forward P/E of 14.29, so we one might conclude that Signet is trading at a discount comparatively.
Also, we should mention that SIG has a PEG ratio of 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Jewelry stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 15, putting it in the top 6% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.