On Thursday, June 6, Signet Jewelers SIG will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
Based on management's projections, Signet Jewelers analysts modeled for a loss of 22 cents per share on sales of $1.42 billion.
In the same quarter last year, Signet Jewelers posted a profit of 10 cents on sales of $1.48 billion. Revenue would be down 4.12 percent from the same quarter last year. Signet Jewelers's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 3.82 | -1.08 | 0.21 | -0.05 | 4.19 |
| EPS Actual | 3.96 | -1.06 | 0.52 | 0.1 | 4.28 |
Stock Performance
Over the last 52-week period, shares are down 53 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts generally rate Signet Jewelers stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Signet Jewelers is scheduled to hold a conference call at 8:30 a.m. ET and it can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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