Market Overview

Q2 Earnings Outlook For Signet Jewelers

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Signet Jewelers (NYSE: SIG) releases its next round of earnings this Thursday, September 5. Here's Benzinga's essential guide to Signet Jewelers's Q2 earnings report.

Earnings and Revenue

Based on Signet Jewelers management projections, analysts predict EPS of 24 cents on revenue of $1.34 billion.

If the company were to match the consensus estimate when it reports Thursday, EPS would have fallen 53.85%. Sales would have fallen 5.63% from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

 

Quarter Q1 2020 Q4 2019 Q3 2019 Q2 2019
EPS Estimate -0.220 3.82 -1.08 0.21
EPS Actual 0.080 3.96 -1.06 0.52

Stock Performance

Over the last 52-week period, shares of Signet Jewelers have declined 82.74%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.

Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Signet Jewelers stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.

Conference Call

Signet Jewelers is scheduled to hold a conference call at 8:30 a.m. ET and can be accessed here.

Posted-In: Earnings News

 

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