These Analysts Increase Their Forecasts On Signet Jewelers After Better-Than-Expected Q1 Earnings

Core Insights - Signet Jewelers Limited reported better-than-expected first-quarter financial results, with revenue of $1.54 billion, a 2% increase from the prior year, surpassing analysts' consensus estimate of $1.49 billion, and adjusted EPS of $1.18 beating the consensus estimate of $1.07 [1][2] Financial Performance - The company raised its FY26 revenue guidance to a range of $6.57 billion to $6.80 billion, up from $6.53 billion to $6.80 billion, compared to the consensus estimate of $6.69 billion [3] - Adjusted EPS forecast was increased to $7.70 to $9.38, up from $7.31 to $9.10, versus the consensus of $8.45 [3] - Expected adjusted EBITDA is between $615 million and $695 million, slightly higher than the prior range of $605 million to $695 million [3] Future Projections - For the second quarter, Signet projects revenue of $1.47 billion to $1.51 billion, above the $1.34 billion estimate, and adjusted EBITDA of $53 million to $73 million [4] Analyst Ratings and Price Targets - Telsey Advisory Group analyst maintained a Market Perform rating and raised the price target from $62 to $80 [6] - B of A Securities analyst maintained a Neutral rating and raised the price target from $65 to $78 [6] - Wells Fargo analyst maintained an Equal-Weight rating and raised the price target from $70 to $75 [6] - UBS analyst maintained a Buy rating and raised the price target from $84 to $95 [6] - Citigroup analyst maintained a Buy rating and raised the price target from $85 to $100 [6]