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Signet (SIG) Gains As Market Dips: What You Should Know
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Signet (SIG - Free Report) ended the recent trading session at $103.38, demonstrating a +1.25% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.22%.
Shares of the jewelry company have appreciated by 23.5% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 3.19%, and the S&P 500's gain of 1.4%.
The upcoming earnings release of Signet will be of great interest to investors. It is anticipated that the company will report an EPS of $0.87, marking a 38.1% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.41 billion, indicating a 1.15% growth compared to the corresponding quarter of the prior year.
SIG's full-year Zacks Consensus Estimates are calling for earnings of $11.7 per share and revenue of $6.86 billion. These results would represent year-over-year changes of +21.88% and +0.75%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Signet. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.82% higher within the past month. Signet is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Signet is presently being traded at a Forward P/E ratio of 8.72. This denotes a discount relative to the industry average Forward P/E of 16.09.
It is also worth noting that SIG currently has a PEG ratio of 0.56. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Jewelry industry currently had an average PEG ratio of 1.09 as of yesterday's close.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Signet (SIG) Gains As Market Dips: What You Should Know
Signet (SIG - Free Report) ended the recent trading session at $103.38, demonstrating a +1.25% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.22%.
Shares of the jewelry company have appreciated by 23.5% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 3.19%, and the S&P 500's gain of 1.4%.
The upcoming earnings release of Signet will be of great interest to investors. It is anticipated that the company will report an EPS of $0.87, marking a 38.1% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $1.41 billion, indicating a 1.15% growth compared to the corresponding quarter of the prior year.
SIG's full-year Zacks Consensus Estimates are calling for earnings of $11.7 per share and revenue of $6.86 billion. These results would represent year-over-year changes of +21.88% and +0.75%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Signet. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 9.82% higher within the past month. Signet is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Signet is presently being traded at a Forward P/E ratio of 8.72. This denotes a discount relative to the industry average Forward P/E of 16.09.
It is also worth noting that SIG currently has a PEG ratio of 0.56. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Jewelry industry currently had an average PEG ratio of 1.09 as of yesterday's close.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.