Signet Jewelers SIG reported its Q2 earnings results on Thursday, September 1, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Signet Jewelers beat estimated earnings by 3.47%, reporting an EPS of $2.68 versus an estimate of $2.59.
Revenue was down $33.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.48 which was followed by a 9.08% drop in the share price the next day.
Here's a look at Signet Jewelers's past performance:
Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
---|---|---|---|---|
EPS Estimate | 2.38 | 5.01 | 0.67 | 1.62 |
EPS Actual | 2.86 | 5.01 | 1.43 | 3.57 |
Revenue Estimate | 1.80B | 2.77B | 1.58B | 1.63B |
Revenue Actual | 1.84B | 2.81B | 1.54B | 1.79B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Signet Jewelers management provided guidance for FY 2023, expecting earnings between $10.98 and $11.57 per share.
To track all earnings releases for Signet Jewelers visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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