U.S. markets open in 6 hours 57 minutes
  • S&P Futures

    3,787.75
    -33.50 (-0.88%)
     
  • Dow Futures

    30,778.00
    -221.00 (-0.71%)
     
  • Nasdaq Futures

    11,570.75
    -120.25 (-1.03%)
     
  • Russell 2000 Futures

    1,706.40
    -15.00 (-0.87%)
     
  • Crude Oil

    109.95
    +0.17 (+0.15%)
     
  • Gold

    1,817.30
    -0.20 (-0.01%)
     
  • Silver

    20.63
    -0.04 (-0.18%)
     
  • EUR/USD

    1.0471
    +0.0027 (+0.26%)
     
  • 10-Yr Bond

    3.0930
    0.0000 (0.00%)
     
  • Vix

    28.16
    -0.20 (-0.71%)
     
  • GBP/USD

    1.2151
    +0.0029 (+0.24%)
     
  • USD/JPY

    136.2760
    -0.2690 (-0.20%)
     
  • BTC-USD

    19,801.16
    -345.37 (-1.71%)
     
  • CMC Crypto 200

    425.53
    -14.14 (-3.22%)
     
  • FTSE 100

    7,312.32
    -11.09 (-0.15%)
     
  • Nikkei 225

    26,393.04
    -411.56 (-1.54%)
     

Is Signet Jewelers (SIG) a Buy After Beating Earnings?

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Signet Jewelers SIG surged over 9% during Thursday’s session after the company reported better-than-expected earnings. Signet delivered quarterly earnings of $2.86 per share, beating the $2.29/share Zacks Consensus Estimate by 24.89%.

Sales rose 8.8% during the quarter to $1.84 billion. SIG, a Zacks Rank #4 (Sell) stock, has a strong track record of earnings surprises and has exceeded estimates in each quarter for the past five years running.

The owner of Zales and Kay brands gave upbeat guidance, with annual sales forecasts hitting the upper end of estimates. However, shares have declined over 20% so far this year. Retailers in general have struggled, and it may be best to steer clear of SIG until the trend reverses.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Signet Jewelers Limited (SIG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research