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Signet (SIG) Stock Drops Despite Market Gains: Important Facts to Note
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Signet (SIG - Free Report) closed at $81.99 in the latest trading session, marking a -4.33% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.81%. Elsewhere, the Dow gained 0.73%, while the tech-heavy Nasdaq added 1.03%.
The jewelry company's shares have seen a decrease of 8.41% over the last month, not keeping up with the Retail-Wholesale sector's gain of 11.15% and the S&P 500's gain of 9.47%.
The upcoming earnings release of Signet will be of great interest to investors. The company's upcoming EPS is projected at $1.32, signifying a 11.86% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.56 billion, indicating a 1.06% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.3 per share and revenue of $6.85 billion. These totals would mark changes of +7.29% and +0.46%, respectively, from last year.
Any recent changes to analyst estimates for Signet should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Signet currently has a Zacks Rank of #3 (Hold).
Investors should also note Signet's current valuation metrics, including its Forward P/E ratio of 7.87. This signifies a discount in comparison to the average Forward P/E of 17.32 for its industry.
One should further note that SIG currently holds a PEG ratio of 0.94. 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 Retail - Jewelry industry had an average PEG ratio of 2.14 as trading concluded yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 64, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Signet (SIG) Stock Drops Despite Market Gains: Important Facts to Note
Signet (SIG - Free Report) closed at $81.99 in the latest trading session, marking a -4.33% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.81%. Elsewhere, the Dow gained 0.73%, while the tech-heavy Nasdaq added 1.03%.
The jewelry company's shares have seen a decrease of 8.41% over the last month, not keeping up with the Retail-Wholesale sector's gain of 11.15% and the S&P 500's gain of 9.47%.
The upcoming earnings release of Signet will be of great interest to investors. The company's upcoming EPS is projected at $1.32, signifying a 11.86% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.56 billion, indicating a 1.06% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $10.3 per share and revenue of $6.85 billion. These totals would mark changes of +7.29% and +0.46%, respectively, from last year.
Any recent changes to analyst estimates for Signet should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Signet currently has a Zacks Rank of #3 (Hold).
Investors should also note Signet's current valuation metrics, including its Forward P/E ratio of 7.87. This signifies a discount in comparison to the average Forward P/E of 17.32 for its industry.
One should further note that SIG currently holds a PEG ratio of 0.94. 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 Retail - Jewelry industry had an average PEG ratio of 2.14 as trading concluded yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 64, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.