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Signet (SIG) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, Signet (SIG - Free Report) closed at $81.46, marking a -2.4% move from the previous day. This change lagged the S&P 500's 0.28% loss on the day. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw an increase of 0.2%.
Shares of the jewelry company have depreciated by 3.79% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.18%, and the S&P 500's gain of 1.64%.
The investment community will be paying close attention to the earnings performance of Signet in its upcoming release. The company's upcoming EPS is projected at $1.67, signifying a 3.73% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.53 billion, reflecting a 0.59% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.57 per share and revenue of $6.84 billion, which would represent changes of +10.1% and +0.43%, respectively, from the prior year.
Any recent changes to analyst estimates for Signet should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Signet possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Signet is presently being traded at a Forward P/E ratio of 7.9. This denotes a discount relative to the industry average Forward P/E of 24.86.
We can additionally observe that SIG currently boasts a PEG ratio of 0.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Retail - Jewelry industry stood at 1.31 at the close of the market yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 31, positioning it in the top 13% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Signet (SIG) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, Signet (SIG - Free Report) closed at $81.46, marking a -2.4% move from the previous day. This change lagged the S&P 500's 0.28% loss on the day. Meanwhile, the Dow experienced a drop of 1.09%, and the technology-dominated Nasdaq saw an increase of 0.2%.
Shares of the jewelry company have depreciated by 3.79% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 0.18%, and the S&P 500's gain of 1.64%.
The investment community will be paying close attention to the earnings performance of Signet in its upcoming release. The company's upcoming EPS is projected at $1.67, signifying a 3.73% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.53 billion, reflecting a 0.59% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.57 per share and revenue of $6.84 billion, which would represent changes of +10.1% and +0.43%, respectively, from the prior year.
Any recent changes to analyst estimates for Signet should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Signet possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Signet is presently being traded at a Forward P/E ratio of 7.9. This denotes a discount relative to the industry average Forward P/E of 24.86.
We can additionally observe that SIG currently boasts a PEG ratio of 0.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Retail - Jewelry industry stood at 1.31 at the close of the market yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 31, positioning it in the top 13% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.