Signet Jewelers Ltd expected to post earnings of 85 cents a share - Earnings Preview

Signet Jewelers

11/06/2024 13:33

* Signet Jewelers Ltd  SIG.N   SIG  is expected to show a
fall in
quarterly revenue when it reports  results on June 13 for the
period ending April 30 2024
    * The Hamilton Bermuda-based   company is expected to report
a
9.3% decrease in revenue to $1.514 billion from $1.67 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data.The company's guidance on March 20 2024, for the
period ended April 30, was for revenue between $1.47 billion and
$1.53 billion.
    * ​LSEG's mean analyst estimate for Signet Jewelers Ltd is
for
earnings of 85 cents 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 had risen by
about 0.3%
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 $103.76. ​​​

The company's guidance on March 20 2024 for the period ended
April 30 was for Earnings before Interest and Taxes between
USD40 million and USD70 million.The company's guidance on March
20 2024 for the period ended April 30 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between
USD1.47 billion and USD107 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  
 Jan. 31 2024  6.35        6.37       6.73      Beat    5.6
 Oct. 31 2024  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.        5.50        5.43       5.52      Beat    1.7
 31 2023                                                
 Oct. 31 2022  0.35        0.31       0.74      Beat    137.6​
 Jul. 31 2022  2.60        2.59       2.68      Beat    3.6
 Apr. 30 2022  2.40        2.38       2.86      Beat    20
 This summary was machine generated June 11 at 12:33 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)