Signet (SIG) closed the most recent trading day at $92.53, moving -2.31% from the previous trading session. This move lagged the S&P 500's daily gain of 0.26%. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.54%.
Coming into today, shares of the jewelry company had gained 11.04% in the past month. In that same time, the Retail-Wholesale sector gained 5.63%, while the S&P 500 gained 2.13%.
The investment community will be closely monitoring the performance of Signet in its forthcoming earnings report. The company is expected to report EPS of $1.69, up 4.97% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.53 billion, down 0.41% from the prior-year quarter.
SIG's full-year Zacks Consensus Estimates are calling for earnings of $10.65 per share and revenue of $6.84 billion. These results would represent year-over-year changes of +10.94% and +0.37%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Signet. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.84% upward. Currently, Signet is carrying a Zacks Rank of #3 (Hold).
Investors should also note Signet's current valuation metrics, including its Forward P/E ratio of 8.89. This denotes a discount relative to the industry average Forward P/E of 19.95.
We can also see that SIG currently has a PEG ratio of 0.99. 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 1.35 as trading concluded yesterday.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 53, finds itself in the top 22% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Signet Jewelers Limited (SIG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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