Signet Jewelers Ltd reports results for the quarter ended in January - Earnings Summary

Signet Jewelers

20/03/2024 13:32

* Signet Jewelers Ltd  SIG.N  reported quarterly adjusted
earnings
of $6.73​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of $5.52.  The mean expectation of seven analysts for the
quarter was for earnings of $6.37 per share. Wall Street
expected results to range from $6.04  to $6.53 per share.
    * Revenue fell 6.3% to $2.50 billion from a year ago;
analysts
expected $2.55 billion. 
    * Signet Jewelers Ltd's reported EPS for the quarter was
$11.75​.
    * The company reported quarterly net income of $617.6
million.
    * Signet Jewelers Ltd shares had fallen by 4.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the apparel &
accessories retailers peer group is also "hold"

Wall Street's median 12-month price target for Signet Jewelers
Ltd is $119.00 
This summary was machine generated from LSEG data March 20 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      6.37           6.73           Beat
 Oct. 31 2023      0.18           0.24           Beat
 Jul. 31 2023      1.45           1.55           Beat
 Apr. 30 2023      1.49           1.78           Beat