Will Earnings Beat Estimates? Signet Jewelers Ltd (SIG) Stock

Telsey Advisory Group lowered the price target for the Signet Jewelers Ltd (NYSE:SIG) stock to “a Market perform”. The rating was released on March 21, 2024, according to finviz. We previously noted in another research note published on March 15, 2024 by Telsey Advisory Group that reiterated the stock to a Market perform with a price target of $105 for SIG stock. The research report from Citigroup has upgraded the stock from Neutral to Buy, with a price target set at $119. The stock was reiterated by Telsey Advisory Group, who disclosed in a research note on December 06, 2023, to Market Perform and set the price objective to $90. In their research brief published September 01, 2023, Telsey Advisory Group analysts reiterated the Signet Jewelers Ltd stock to Market Perform with a price target of $82.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $6.73 during the last quarter as opposed to a consensus estimate of $6.37, which indicates the company beat its estimate by $0.36, which implies that the company surprised the market by 5.70%. It appears that the average earnings per share estimate for the current quarter (ending in Apr 2024) is $0.9. This is an average of 6 analysts’ earnings, where the high earnings per share estimate is $0.99 and the low earnings per share estimate is $0.75. According to 6 analyst estimates, an average revenue estimate of $1.51B is projected for the current quarter with a high revenue estimate of $1.53B and a low estimate of $1.49B.

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The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -0.05% within the last five trades and -6.40% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 32.39% in the last 6 months and -11.36% was subtracted to its value over the previous 3 months. SIG stock is trading at a margin of -2.13%, -5.09% and 13.25% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, SIG deals in the Consumer Cyclical domain. The stock is trading -12.61 percent below its 52-week high and 66.50 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 32.83. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Signet Jewelers Ltd’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 9.05 percent and the profit margin is 10.82 percent, and the company has reported a gross margin of 39.39 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $4.23 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Signet Jewelers Ltd (NYSE:SIG) is 6.41. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.04. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.59 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.94, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 4.56 percent of Signet Jewelers Ltd shares are owned by insiders, and 106.72 percent are held by financial institutions. Brace William, the President – KAY Jewelers at Signet Jewelers Ltd (SIG) has sold 3,000 shares of firm on Mar 27 ’24 at a price of $99.00 against the total amount of $0.3 million. In another inside trade, Hilson Joan M, * See Remarks of Signet Jewelers Ltd (NYSE:SIG) sold 8,000 shares of the firm on Mar 25 ’24 for a total worth of $0.74 million at a price of $92.69. An inside trade which took place on Mar 22 ’24, Chief People Officer of Signet Jewelers Ltd FINN MARY ELIZABETH sold 5,431 shares of firm against total price of $0.49 million at the cost of $89.53 per share.

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