Signet(US:SIG) ZACKSยท2024-12-05 14:05Company Performance - Signet (SIG) reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.29 per share, representing an earnings surprise of -17.24% [1] - The company posted revenues of $1.35 billion for the quarter ended October 2024, missing the Zacks Consensus Estimate by 1.07%, compared to year-ago revenues of $1.39 billion [2] - Over the last four quarters, Signet has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Signet shares have lost about 8% since the beginning of the year, while the S&P 500 has gained 27.6% [4] - The current Zacks Rank for Signet is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $8.27 on $2.48 billion in revenues, and $10.80 on $6.84 billion in revenues for the current fiscal year [8] - The estimate revisions trend for Signet is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [5][8] Industry Context - The Retail - Jewelry industry, to which Signet belongs, is currently in the bottom 21% of over 250 Zacks industries, indicating potential challenges ahead [9] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Signet's stock performance [6]