Signet Jewelers (NYSE:SIG) Stock, Quote.Headers.trade-ideas

Signet Jewelers

Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are the North America segment, the International segment, and the Other segment. The North America segment contributes to the majority of the revenue. The North America segment generates revenue from Mall and Off-mall & Outlet.

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Signet Jewelers Posts Better-Than-Expected Earnings, Joins NETGEAR, Lovesac And Other Big Stocks Moving Higher On Thursday

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Shares of companies in the retail industry are trading higher following the Fed's policy decision to cut rates, which could support consumer spending. Additional, the industry may be moving on continued strength following strong August retail sales data.

Shares of retail and consumer discretionary stocks are trading higher following better-than-expected consumer sentiment data. Strong earnings from RH may also be lifting consumer spending sentiment.

Telsey Advisory Group analyst Dana Telsey maintains Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) with a Market Perform and maintains $87 price target.

Price Target

Analyst Ratings

Telsey Advisory Group Maintains Market Perform on Signet Jewelers, Maintains $87 Price Target

UBS analyst Mauricio Serna maintains Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) with a Buy and raises the price target from $132 to $136.

UBS Maintains Buy on Signet Jewelers, Raises Price Target to $136

5 analysts have shared their evaluations of Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Signet Jewelers, presenting an average target of $96.8, a high estimate of $105.00, and a low estimate of $87.00. Observing a downward trend, the current average is 8.68% lower than the prior average price target of $106.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1726246919_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Signet Jewelers. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$100.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$87.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$87.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$105.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$105.00</td>
<td>$105.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Signet Jewelers. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Signet Jewelers compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Signet Jewelers's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SIG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Signet Jewelers analyst ratings.</a>
<h2>All You Need to Know About Signet Jewelers</h2>
Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are the North America segment, the International segment, and the Other segment. The North America segment contributes to the majority of the revenue. The North America segment generates revenue from Mall and Off-mall &amp; Outlet.
<h3>Unraveling the Financial Story of Signet Jewelers</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Negative Revenue Trend: Examining Signet Jewelers's financials over 3 months reveals challenges. As of 30 April, 2024, the company experienced a decline of approximately -9.42% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Signet Jewelers's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -2.65%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Signet Jewelers's ROE excels beyond industry benchmarks, reaching -1.89%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Signet Jewelers's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.62%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Signet Jewelers's debt-to-equity ratio is below the industry average. With a ratio of 0.59, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Signet Jewelers Stock

B of A Securities analyst Lorraine Hutchinson maintains Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) with a Neutral and lowers the price target from $108 to $100.

B of A Securities Maintains Neutral on Signet Jewelers, Lowers Price Target to $100

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks settled higher on Thursday, with the S&amp;P 500 recording gains for the fourth straight session.
Shares of megacap tech and semiconductor companies continued to record gains, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rising around 1.9% during the session. Shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) also closed higher by around 2.3% on Thursday.
Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) posted better-than-expected second-quarter earnings and stronger than anticipated third-quarter revenue outlook.
On the economic data front, U.S. producer prices rose 0.2% month-over-month in August compared to a revised flat reading in the previous month and higher than market estimates of 0.1%. U.S. initial jobless claims increased by 2,000 from the earlier week to 230,000 in the week ending Sept. 7.
All sectors on the S&amp;P 500 closed on a positive note, with communication services, energy, and consumer discretionary stocks recording the biggest gains on Thursday.
The Dow Jones closed higher by around 235 points to 41,096.77 on Thursday. The S&amp;P 500 rose 0.75% to 5,595.76, while the Nasdaq Composite jumped 1% to close at 17,569.68 during Thursday's session.
Investors are awaiting earnings results from SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) and Cheetah Mobile Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMCM#NYSE">CMCM</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 42.3, the index remained in the &#8220;Fear&#8221; zone on Thursday, versus a prior reading of 39.1.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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S&P 500 Gains For 4th Straight Session Amid Rise In Nvidia, Alphabet, And Other Tech Stocks: Greed Index Remains In 'Fear' Zone

U.S. stocks traded higher toward the end of trading, with the Dow Jones index surging more than 200 points on Thursday.
The Dow traded up 0.53% to 41,076.41 while the NASDAQ rose 1.15% to 17,596.13. The S&amp;P 500 also rose, gaining, 0.82% to 5,599.94.
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Leading and Lagging Sectors Communication services shares rose by 1.2% on Thursday.
In trading on Thursday, real estate shares dipped by 0.8%.
Top Headline
Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) posted better-than-expected second-quarter earnings and stronger than anticipated third-quarter revenue outlook.
Signet reported a second-quarter sales decline of 7.6% year-on-year to $1.49 billion, missing the analyst consensus estimate of $1.50 billion. Adjusted EPS of $1.25 beat the analyst consensus estimate of $1.14.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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<li>NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>) shares shot up 31% to $20.83 after the company disclosed a settlement agreement with TP-Link Systems and raised its third-quarter revenue guidance.</li>
<li>Shares of Visionary Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) got a boost, surging 144% to $4.95 after the company announced it signed an MoU with the Public Investment Fund of Saudi Arabia, investing $120 million to fully support the development of its various industry projects.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) shares were also up, gaining 32% to $1.12. HRT Financial LP acquired a new stake in Smart for Life.</li>
</ul>
Equities Trading DOWN
<ul>
<li>ModivCare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MODV#NASDAQ">MODV</a>) shares dropped 53% to $14.56 after the company announced a $200 million mixed securities shelf.</li>
<li>Shares of Fulcrum Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULC#NASDAQ">FULC</a>) were down 61% to $3.4850 after the company announced that its Phase 3 REACH trial evaluating losmapimod in patients with FSHD, did not achieve its primary endpoint of change from baseline in RSA with losmapimod compared to placebo.</li>
<li>Oncternal Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCT#NASDAQ">ONCT</a>) was down, falling 57% to $1.7250 after the company announced termination of its clinical studies and exploration of strategic alternatives.</li>
</ul>
Commodities In commodity news, oil traded up 3.3% to $69.53 while gold traded up 1.3% at $2,576.20.
Silver traded up 3.9% to $30.05 on Thursday, while copper rose 1.1% to $4.1880.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 rose 0.80%, Germany's DAX gained 1.03% and France's CAC 40 rose 0.52%. Spain's IBEX 35 Index rose 1.08%, while London's FTSE 100 rose 0.57%.
The annual inflation rate in Spain eased to 2.3% in August from 2.8% in July, while German wholesale prices fell by 1.1% year-over-year in August.
Asia Pacific Markets
Asian markets closed mostly higher on Thursday, with Japan's Nikkei 225 jumping 3.41%, Hong Kong's Hang Seng Index gaining 0.77%, China's Shanghai Composite Index falling 0.17% and India's BSE Sensex surging 1.77%.
Manufacturing production in Hong Kong increased 0.7% year-over-year during the second quarter. Producer prices in Japan rose by 2.5% year-over-year in August versus a 3.0% growth in the previous month.
Economics
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<li>U.S. producer prices rose 0.2% month-over-month in August compared to a revised flat reading in the previous month and higher than market estimates of 0.1%.</li>
<li>U.S. initial jobless claims increased by 2,000 from the earlier week to 230,000 in the week ending Sept. 7.</li>
<li>U.S. natural-gas stocks rose 40 billion cubic feet during the week ended Sept. 6, compared to market estimates of a 49 bcf gain.</li>
</ul>
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U.S. stocks were mixed, with the Dow Jones index falling around 50 points on Thursday.
Shares of Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) rose sharply during Thursday's session after reporting better-than-expected second-quarter earnings and stronger than anticipated <a href="https://www.benzinga.com/news/earnings/24/09/40831684/signet-jewelers-q2-earnings-eps-beat-net-debt-positive-strong-q3-outlook">third-quarter revenue outlook.</a>
Signet reportedasecond-quarter sales decline of 7.6% year-on-year to $1.49 billion, missing the analyst consensus estimate of $1.50 billion. Adjusted EPS of $1.25 beat the analyst consensus estimate of $1.14.
Signet Jewelers shares jumped 18.8% to $92.83 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>) shares jumped 31.3% to $20.93 after the company disclosed a settlement agreement with TP-Link Systems and raised its third-quarter revenue guidance.</li>
<li>The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) gained 24.7% to $26.23 after the company reported better-than-expected quarterly EPS results.</li>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) climbed 21.5% to $27.57 after the company announced it raised $235 million in net proceeds.</li>
<li>Petco Health and Wellness Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) rose 21% to $4.9301. The company recently company reported second-quarter financial results.</li>
<li>LiveWire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NASDAQ">LVWR</a>) rose 15.2% to $6.49.</li>
<li>JBDI Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBDI#NASDAQ">JBDI</a>) surged 14% to $24.14.</li>
<li>Byrna Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) gained 13% to $16.29.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) climbed 12.7% to $6.48. Coeur announced achievement of key milestones at expanded Rochester Mine.</li>
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Signet Jewelers Ltd&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>)&nbsp;stock gained after the company reported its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40828766/signet-jewelers-reports-second-quarter-fiscal-2025-results" rel="noreferrer noopener">fiscal second-quarter 2025 earnings</a>.
Signet reported&nbsp;a&nbsp;second-quarter sales decline of 7.6% year-on-year to $1.49 billion,&nbsp;missing the analyst consensus estimate of $1.50 billion. Adjusted EPS of $1.25&nbsp;beat the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.14</a>.
Overall same-store sales fell 3.4% in the second quarter. North American Same-store sales for the segment decreased by 3.7% compared to last year, while the International segment same-store sales grew by 1.7%
North America segment sales amounted to $1.42 billion, a 6.9% decrease year-over-year. International sales fell 15.2% Y/Y to $86.5 million.
The gross margin of 38.0% improved by ten bps year-over-year due to a higher mix of Services and Fashion revenue. The operating loss for the quarter was $(100.9) million versus $90.2 million last year, with an operating margin loss of (6.8)%, down from 5.6%&nbsp;last year.
Signet Jewelers held cash and equivalents of $403.1 million as of August 3, 2024.
Signet Jewelers&#8217; Board declared a quarterly cash dividend of $0.29 per share, payable November 22, 2024, to shareholders of record on October 25, 2024.
In the second quarter, Signet Jewelers repurchased approximately 441,000 common shares at an average cost per share of $90.35, or $39.8 million. As of August 3, 2024, the company is net debt positive by $180 million.
&#8220;I&#8217;d like to thank our Signet team for delivering our fifth consecutive quarter of sequential same-store sales improvement, up more than 5 points compared to the first quarter of this year and turning positive third quarter to date,&#8221; said Signet Chief Executive Officer Virginia C. Drosos.
Guidance: Signet Jewelers expects third-quarter sales of $1.345 billion–$1.380 billion, versus the consensus of $1.350 billion.&nbsp;Same-store sales change of (1.0)% –1.5%.
SIG <a target="_blank" href="https://www.benzinga.com/news/earnings/24/06/39311023/shining-through-challenges-signet-jewelers-reports-mixed-q1-results-optimistic-outlook" rel="noreferrer noopener">reiterated its fiscal 2025</a> sales outlook of $6.66 billion—$7.02 billion, against the consensus of $6.774 billion. It expects a same-store sales change of (4.5)%-0.5%.
Signet Jewelers expects fiscal 2025 adjusted EPS of $9.90 – $11.52, against the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Street view of $10.23</a>.
Price Action: SIG stock is up 12.7% at $88.00 in premarket at the last check Thursday.
Photo by JHVEPhoto via Shutterstock

Guidance

Signet Jewelers Q2 Earnings: EPS Beat, Net Debt Positive, Strong Q3 Outlook

Signet Jewelers shares are trading higher after reporting better-than-expected Q2 earnings and stronger than anticipated Q3 revenue outlook.

Signet Jewelers Q2 Same Store Sales -3.4%

<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
adjusted operating income or adjusted EBITDA to corresponding forecasted GAAP amounts.
</td>
</tr>
</tbody>
</table>
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
Fiscal 2025
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Total sales
</td>
<td colspan="1" rowspan="1">
$6.66 billion to $7.02 billion
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Same store sales
</td>
<td colspan="1" rowspan="1">
(4.5%) to +0.5%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted operating income (1)
</td>
<td colspan="1" rowspan="1">
$590 million to $675 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EBITDA (1)
</td>
<td colspan="1" rowspan="1">
$780 million to $865 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted diluted EPS (1)
</td>
<td colspan="1" rowspan="1">
$9.90 to $11.52
</td>
</tr>
</tbody>
</table>
&nbsp;

Signet Jewelers Affirms FY25 Outlook: Adj EPS Of $9.90-$11.52 vs $10.23 Estimate; Sales Of $6.66B-$7.02B vs $6.77B Est

Third Quarter and Full Year Fiscal 2025 Guidance:
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
Third Quarter
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Total sales
</td>
<td colspan="1" rowspan="1">
$1.345 billion to $1.380 billion
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Same store sales
</td>
<td colspan="1" rowspan="1">
(1.0%) to +1.5%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted operating income (1)
</td>
<td colspan="1" rowspan="1">
$8 million to $25 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EBITDA (1)
</td>
<td colspan="1" rowspan="1">
$55 million to $72 million
</td>
</tr>
</tbody>
</table>
&nbsp;

Signet Jewelers Q3 Sales Outlook $1.345B-$1.380B vs $1.35B Est

Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $1.14 by 9.65 percent. This is a 19.35 percent decrease over earnings of $1.55 per share from the same period last year. The company reported quarterly sales of $1.491 billion which missed the analyst consensus estimate of $1.502 billion by 0.74 percent. This is a 7.62 percent decrease over sales of $1.614 billion the same period last year.

Earnings Beats

Earnings Misses

Signet Jewelers Q2 2025 Adj. EPS $1.25 Beats $1.14 Estimate, Sales $1.491B Miss $1.502B Estimate

U.S. stocks could open Thursday&#8217;s session modestly higher after the remarkable recovery they staged in the previous session. The spotlight is on the producer price inflation report for August as traders seek confirmation regarding a sustained downward move in inflation, and the weekly jobless claims report may also create some ripples. The market may also focus on an interest rate decision from across the Atlantic. The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40827231/top-economist-says-ecb-will-kickstart-global-rate-cuts-warns-investors-of-increased">European Central Bank is widely expected to reduce rates </a>and kickstart a coordinated cut by the global central banks amid a letup in inflation and growth slowdown. That said, some negative tidings from the tech space could lead to some selling.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.14%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.16%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.48%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE: SPY gained 0.22% to $555.64 and the&nbsp;Invesco QQQ ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) rose 0.16% to $469.37, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street ended higher on Wednesday &#8211; a session marked with volatility in which the 30-stock Dow Jones Industrial Average moved in a 910-point range. After starting lower in reaction to what was perceived as a not-so-benign August consumer price inflation report and presidential debate held overnight, the averages fell further in early trading. 
Positive comments on the potential of artificial intelligence technology by Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang at an industry conference kicked off a rally in the technology space and the broader market. IT stocks soared, leading the market higher, while communication services and consumer discretionary stocks also found buying interest. Defensive consumer staples and real-estate stocks lost ground, and financial and energy stocks extended their declines.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+2.17%</td>
<td>17,395.53</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.07%</td>
<td>5,554.13</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.31%</td>
<td>40,861.71</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.31%</td>
<td>2,103.85</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Carson Group Chief Market Strategist Ryan Detrick flagged a data point that holds out promise. While noting that the S&amp;P 500 Index came back from a loss of 1.5% intraday to finish higher by over 1%, he said the last time this happened was exactly at the end of the vicious bear market in Oct. 2022.
&#8220;Looking at previous big reversal days like this shows better than average returns across the board,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The last time the S&amp;P 500 was down &gt;1.5%, but finished up &gt;1%? The exact lows at the end of the vicious bear market in Oct &#39;22. It happened again today. Looking at previous big reversal days like this shows better than avg returns across the board. <a href="https://t.co/mu8jPFEiNM">pic.twitter.com/mu8jPFEiNM</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1834075612719222989?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Following the CPI report, Comerica Chief Economist Bill Adams said the Fed is weighing the &#8220;stickiness of service price inflation on the one hand against the softening of the job market on the other hand.&#8221; The tradeoff points to a 25-basis-point cut at next week&#8217;s Fed meeting, he said. &#8220;The stickiness of service price inflation and shelter inflation suggests the Fed will cut rates slower than financial markets currently price in,&#8221; he added.</figcaption></figure>
See also: <a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release the weekly jobless claims report at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 225,000 in the week ended Sept. 7, slightly lower than the previous week&#8217;s 227,000. </li>
<li>The Bureau of Labor Statistics is due to release its August producer price inflation report, also at 8:30 a.m. EDT. The consensus estimates are as follows:
<ul>
<li>PPI (m-o-m): 0.1%, flat with the July rate</li>
<li>PPI (y-o-y): 1.8%, down from 2.2% in July</li>
<li>Core PPI (m-o-m): 0.2% versus unchanged prices in July</li>
<li>Core PPI (y-o-y): 2.5%, up from 2.4% in July</li>
</ul>
</li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and 30-year bonds at 1 p.m. EDT.</li>
<li>The Treasury is also due to release the federal budget balance report for August at 2 p.m. EDT, with the report widely expected to show of deficit of $285.7 billion compared to a deficit of $244 billion in July.</li>
</ul>
Stocks In Focus:
<ul>
<li>Oxford Industries, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) plunged over 10% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) and Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) are scheduled to announce their <a href="https://www.benzinga.com/calendars/earnings">quarterly results before the market opens</a>, while Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) is due after the market closes.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) moved down over 2% on a negative analyst action.</li>
<li>Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) slumped over 7% after the company announced cost-cutting initiatives.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rose for a second straight session and gold futures traded flat around the $2,550 level, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied back above $58K. The 10-year yield rose 2.3 basis points to 3.676%. 
Most Asian markets advanced, tracking the firmer close by Wall Street stocks, but China ended modestly lower. European stocks rose solidly in early trading, reacting to the post-noon recovery seen by U.S. stocks on Wednesday and hopes of an ECB rate cut. The decision is due at 8:15 a.m. EDT.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40826658/didnt-take-much-for-nvidia-to-get-people-excited-about-ai-says-strategist-after-jen">&#8216;Didn&#8217;t Take Much For Nvidia To Get People Excited About AI,&#8217; Says Strategist, After Jensen Huang Talks Up AI&#8217;s Potential Beyond Data Centers</a></li>
</ul>
Photo via Shutterstock

Futures

Previews

Economics

Federal Reserve

$BTC

ADBE

MRNA

Nasdaq, S&P 500 Set For Modest Gains As Investors Eye August Inflation Data And ECB Rate Decision

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) to report quarterly earnings at $0.91 per share on revenue of $34.09 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Kroger shares rose 0.3% to $51.65 in after-hours trading.</li>
<li>Oxford Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) reported weaker-than-expected earnings and sales results for the second quarter. The company said it sees FY24 net sales of $1.51 billion to $1.54 billion and adjusted earnings of $7 to $7.30 per share. Oxford Industries shares dipped 10.4% to $74.95 in the after-hours trading session.</li>
<li>Analysts are expecting Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) to post quarterly earnings at $1.14 per share on revenue of $1.50 billion. The company will release earnings before the markets open. Signet shares fell 0.1% to $78.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Champions Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSBR#NASDAQ">CSBR</a>) reported better-than-expected financial results for the first quarter on Wednesday. The company reported quarterly earnings of 11 cents per share which beat the analyst consensus estimate of a loss of $0.3 per share. Champions Oncology shares jumped 30% to $5.2899 in the after-hours trading session.</li>
<li>Analysts expect Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) to report quarterly earnings at $4.53 per share on revenue of $5.37 billion after the closing bell. Adobe shares rose 0.2% to $581.50 in after-hours trading.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well"> </a>
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>

CSBR

Kroger, Adobe And 3 Stocks To Watch Heading Into Thursday

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, but the index remained in the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, following the release of inflation data. U.S. annual inflation rate eased for a fifth straight month to 2.5% in August from 2.9% in the previous month, and down from market estimates of 2.6%.
Shares of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained around 8.2%, while Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares added around 4.9% during the session. Shares of Rentokil Initial plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTO#NYSE">RTO</a>) dipped 21% after the company revised the guidance for the second half of FY24.
Most sectors on the S&amp;P 500 closed on a positive note, with communication services, information technology and consumer discretionary stocks recording the biggest gains on Wednesday. However, energy and consumer staples stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 125 points to 40,861.71 on Wednesday. The S&amp;P 500 rose 1.07% to 5,554.13, while the Nasdaq Composite jumped 2.17% at 17,395.53 during Wednesday's session.
Investors are awaiting earnings results from The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>), Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) and Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 43.1, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 38.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>

Nasdaq Jumps Over 2% Amid Nvidia Surge: Investor Sentiment Improves, But Fear & Greed Index Remains In 'Fear' Zone

Telsey Advisory Group analyst Dana Telsey maintains Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) with a Market Perform and lowers the price target from $105 to $87.

Telsey Advisory Group Maintains Market Perform on Signet Jewelers, Lowers Price Target to $87

In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on Signet Jewelers (SIG – Research Report), with a price targ...

Signet Jewelers (SIG) Gets a Hold from Telsey Advisory

Paul Lejuez, an analyst from Citi, reiterated the Buy rating on Signet Jewelers (SIG – Research Report). The associated price target remains the sa...

Signet Jewelers Surpasses Q2 Expectations with Strong EPS and Maintains Positive FY2024 Guidance

Biggest stock movers today: MPW, MRNA, SIG, and more

Biggest stock movers today: WBD, MPW, MRNA, SIG, and more

Signet Jewelers Limited (SIG) Q2 2025 Earnings Call Transcript

Analyst Lorraine Hutchinson from Bank of America Securities reiterated a Hold rating on Signet Jewelers (SIG – Research Report) and decreased the p...

Maintaining Hold on Signet Jewelers Amidst Mixed Financial Performance and Market Uncertainties

Wells Fargo analyst Ike Boruchow has maintained their bullish stance on SIG stock, giving a Buy rating yesterday. Ike Boruchow has given his Buy ra...

Buy Rating Affirmed for Signet Jewelers on Sustained Sales Growth and Strategic Confidence

Consumer stocks buoyed by improving sentiment

Signet Jewelers Surges, But Still Looks Strong On Higher Full-Year Guidance

IYC: Consumer Discretionary Dashboard For September

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Press Releases

SIGNET BOARD CHAIR SUCCESSION

SIGNET JEWELERS REPURCHASES 50% OF CONVERTIBLE PREFERRED SHARES AHEAD OF MATURITY

SIGNET JEWELERS RAISES RECORD-BREAKING $8.75M BENEFITING ST. JUDE CHILDREN'S RESEARCH HOSPITAL®

SIGNET JEWELERS ANNOUNCES TIMING OF FISCAL 2025 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

SIGNET JEWELERS REPORTS FIRST QUARTER FISCAL 2025 RESULTS

Signet Jewelers launches holiday plush campaign in KAY & Jared stores to benefit St. Jude Thanks and Giving® campaign

GrafTech Announces Appointment of Rory O'Donnell as Chief Financial Officer

Signet Jewelers Announces Timing of Fiscal 2025 Second Quarter Earnings Release and Conference Call

Signet Jewelers to Participate in CL King's 22nd Annual Best Ideas Conference

Signet Jewelers Reports Second Quarter Fiscal 2025 Results

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Signet Jewelers

Signet Jewelers (SIG) Forecast

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