These Analysts Revise Their Forecasts On Signet Jewelers After Q3 Results

Core Insights - Signet Jewelers Limited reported stronger-than-expected third-quarter results, indicating a resilient business ahead of the holiday season [1] Financial Performance - Quarterly sales reached $1.391 billion, reflecting a 3.1% year-over-year increase, surpassing the expected $1.370 billion [2] - Adjusted earnings per share for the third quarter were 63 cents, exceeding the anticipated 29 cents [2] Strategic Outlook - The company raised its 2026 adjusted EPS outlook to a range of $8.43–$9.59 from a previous range of $8.04–$9.57, compared to the analyst estimate of $9.13 [3] - Signet also increased its 2026 sales forecast to $6.70 billion–$6.83 billion from $6.67 billion–$6.82 billion, against a consensus of $6.824 billion [3] Market Reaction - Following the earnings announcement, Signet shares fell by 6.8%, trading at $89.19 [3] Analyst Ratings - Telsey Advisory Group maintained a Market Perform rating and raised the price target from $92 to $96 [5] - Wells Fargo maintained an Equal-Weight rating but lowered the price target from $100 to $90 [5] - UBS maintained a Buy rating and increased the price target from $110 to $115 [5]