Signet Jewelers Ltd expected to post earnings of $6.35 a share - Earnings Preview

Signet Jewelers

18/03/2024 12:36

* Signet Jewelers Ltd  SIG.N   SIG  is expected to show a
fall in
quarterly revenue when it reports  results on March 20 for the
period ending January 31 2024
    * The Hamilton Bermuda-based   company is expected to report
a
3.8% decrease in revenue to $2.565 billion from $2.67 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on December 5 2023, for the
period ended January 31, was for revenue between $2.40 billion
and $2.60 billion.
    * ​LSEG's mean analyst estimate for Signet Jewelers Ltd is
for
earnings of $6.35 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Signet
Jewelers
Ltd is $119.00​, above​ its last closing price of $100.05. ​​​

The company's guidance on December 5 2023 for the period ended
January 31 was for Earnings before Interest and Taxes between
USD397 million and USD437 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Oct. 31 2023  0.19        0.18       0.24      Beat    32.8
 Jul. 31 2023  1.48        1.45       1.55      Beat    6.7
 Apr. 30 2023  1.51        1.49       1.78      Beat    19.6​
 Jan. 31 2023  5.50        5.43       5.52      Beat    1.7
 ​​Oct.        0.35        0.31       0.74      Beat    137.6
 31 2022                                                
 Jul. 31 2022  2.60        2.59       2.68      Beat    3.6​
 Apr. 30 2022  2.40        2.38       2.86      Beat    20
 Jan. 31 2022  5.02        5.01       5.01      Met     0
 This summary was machine generated March 18 at 12:36 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)