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Why the Market Dipped But Signet (SIG) Gained Today
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In the latest close session, Signet (SIG - Free Report) was up +2.04% at $108.16. The stock's change was more than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
Shares of the jewelry company have appreciated by 5.21% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 0.63%, and the S&P 500's gain of 2.05%.
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 $0.87, signifying a 38.10% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.41 billion, up 1.15% from the year-ago period.
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.
Any recent changes to analyst estimates for Signet should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Signet possesses a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Signet is holding a Forward P/E ratio of 9.06. For comparison, its industry has an average Forward P/E of 15.76, which means Signet is trading at a discount to the group.
We can additionally observe that SIG currently boasts a PEG ratio of 0.58. 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. The Retail - Jewelry industry had an average PEG ratio of 1.09 as trading concluded yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 41, positioning it in the top 17% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
View the Zacks #1 Rank List
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Why the Market Dipped But Signet (SIG) Gained Today
In the latest close session, Signet (SIG - Free Report) was up +2.04% at $108.16. The stock's change was more than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
Shares of the jewelry company have appreciated by 5.21% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 0.63%, and the S&P 500's gain of 2.05%.
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 $0.87, signifying a 38.10% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.41 billion, up 1.15% from the year-ago period.
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.
Any recent changes to analyst estimates for Signet should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Signet possesses a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Signet is holding a Forward P/E ratio of 9.06. For comparison, its industry has an average Forward P/E of 15.76, which means Signet is trading at a discount to the group.
We can additionally observe that SIG currently boasts a PEG ratio of 0.58. 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. The Retail - Jewelry industry had an average PEG ratio of 1.09 as trading concluded yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 41, positioning it in the top 17% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.