Signet(US:SIG) ZACKSยท2024-08-06 23:00Company Performance - Signet's stock closed at $75.61, reflecting a -0.77% change from the previous trading day's closing, underperforming the S&P 500's gain of 1.04% [1] - Over the past month, Signet's shares have decreased by 12.36%, which is worse than the Retail-Wholesale sector's loss of 8.36% and the S&P 500's loss of 6.74% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for Signet is projected at $1.13, indicating a 27.1% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is expected to be $1.49 billion, down 7.66% from the previous year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $10.60 per share and revenue of $6.8 billion, representing changes of +2.22% and -5.23% respectively from last year [3] Analyst Estimates - Recent changes to analyst estimates for Signet are important as they reflect the evolving nature of near-term business trends [4] - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Signet at 3 (Hold) [6] - Over the past month, the Zacks Consensus EPS estimate for Signet has remained unchanged [6] Valuation Metrics - Signet is currently trading with a Forward P/E ratio of 7.19, which is below the industry average Forward P/E of 18.92 [7] - The company has a PEG ratio of 0.82, compared to the Retail - Jewelry industry's average PEG ratio of 1.14 [7] Industry Context - The Retail - Jewelry industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 212, placing it in the bottom 17% of all industries [8] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks [8]