Signet (SIG) Stock Sinks As Market Gains: What You Should Know
Signet (SIG) closed the most recent trading day at $104.60, moving -1.76% from the previous trading session. This change lagged the S&P 500's 0.09% gain on the day.
Heading into today, shares of the jewelry company had gained 24.53% over the past month, outpacing the Retail-Wholesale sector's gain of 9.07% and the S&P 500's gain of 8.19% in that time.
Investors will be hoping for strength from SIG as it approaches its next earnings release, which is expected to be December 2, 2021. In that report, analysts expect SIG to post earnings of $0.67 per share. This would mark year-over-year growth of 509.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.45 billion, up 11.59% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $10.07 per share and revenue of $7.16 billion, which would represent changes of +377.25% and +36.93%, respectively, from the prior year.
Any recent changes to analyst estimates for SIG should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 11.21% higher. SIG is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, SIG is holding a Forward P/E ratio of 10.57. This represents a discount compared to its industry's average Forward P/E of 18.25.
It is also worth noting that SIG currently has a PEG ratio of 1.32. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. SIG's industry had an average PEG ratio of 1.32 as of yesterday's close.
The Retail - Jewelry industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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 Report
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