Signet (SIG) Stock Declines Even as Market Rises: Key Insights to Consider

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Signet Jewelers Limited (SIG) closed at $106.76 on the latest trading day, down 0.56% from the previous day’s close, while the S&P 500 rose by 1.19%. Over the last month, Signet shares increased by 10.97%, outperforming the Retail-Wholesale sector’s 0.37% gain.

The company is set to release its earnings report on June 13, 2024, with an expected EPS of $0.82, a 53.93% decline from the same quarter last year. Revenue projections of $1.51 billion indicate a 9.77% decrease year-over-year. Full-year earnings are forecast at $10.60 per share, a 2.22% increase, and revenue at $6.86 billion, a 4.34% decrease from the previous year.

Signet’s current Forward P/E ratio is 10.13, compared to the industry’s average of 21.05. The company holds a Zacks Rank of #3 (Hold) with a PEG ratio of 1.19, against the Retail – Jewelry industry’s average PEG of 2.04.

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