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Signet Jewelers Limited (SIG) Hits Fresh High: Is There Still Room to Run?
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Shares of Signet (SIG - Free Report) have been strong performers lately, with the stock up 16.5% over the past month. The stock hit a new 52-week high of $120 in the previous session. Signet has gained 42.6% since the start of the year compared to the 0.8% gain for the Zacks Retail-Wholesale sector and the 36.8% return for the Zacks Retail - Jewelry industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on September 9, 2026, Signet reported EPS of $2.19 versus consensus estimate of $1.69 while it missed the consensus revenue estimate by 0.04%.
For the current fiscal year, Signet is expected to post earnings of $11.7 per share on $6.86 in revenues. This represents a 21.88% change in EPS on a 0.75% change in revenues. For the next fiscal year, the company is expected to earn $13.24 per share on $6.96 in revenues. This represents a year-over-year change of 13.16% and 1.42%, respectively.
Valuation Metrics
While Signet has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Signet has a Value Score of A. The stock's Growth and Momentum Scores are C and F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 10.1X current fiscal year EPS estimates, which is not in-line with the peer industry average of 16.1X. On a trailing cash flow basis, the stock currently trades at 8.8X versus its peer group's average of 12.5X. Additionally, the stock has a PEG ratio of 0.65. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Signet an interesting choice for value investors.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Signet currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Signet passes the test. Thus, it seems as though Signet shares could still be poised for more gains ahead.
View the Zacks #1 Rank List
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Signet Jewelers Limited (SIG) Hits Fresh High: Is There Still Room to Run?
Shares of Signet (SIG - Free Report) have been strong performers lately, with the stock up 16.5% over the past month. The stock hit a new 52-week high of $120 in the previous session. Signet has gained 42.6% since the start of the year compared to the 0.8% gain for the Zacks Retail-Wholesale sector and the 36.8% return for the Zacks Retail - Jewelry industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on September 9, 2026, Signet reported EPS of $2.19 versus consensus estimate of $1.69 while it missed the consensus revenue estimate by 0.04%.
For the current fiscal year, Signet is expected to post earnings of $11.7 per share on $6.86 in revenues. This represents a 21.88% change in EPS on a 0.75% change in revenues. For the next fiscal year, the company is expected to earn $13.24 per share on $6.96 in revenues. This represents a year-over-year change of 13.16% and 1.42%, respectively.
Valuation Metrics
While Signet has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Signet has a Value Score of A. The stock's Growth and Momentum Scores are C and F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 10.1X current fiscal year EPS estimates, which is not in-line with the peer industry average of 16.1X. On a trailing cash flow basis, the stock currently trades at 8.8X versus its peer group's average of 12.5X. Additionally, the stock has a PEG ratio of 0.65. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Signet an interesting choice for value investors.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, Signet currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Signet passes the test. Thus, it seems as though Signet shares could still be poised for more gains ahead.