We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Signet (SIG) Beats on Q4 Earnings & Sales Estimates
Read MoreHide Full Article
Signet Jewelers Limited (SIG - Free Report) , retailer of diamond jewelry, watches, and other products came out with its fourth-quarter fiscal 2018 results, wherein adjusted earnings came in at $4.28 per share and outpaced the Zacks Consensus Estimate of $4.26.
Management envisions adjusted earnings per share in the range of $3.75-$4.25 for fiscal 2019.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has witnessed downward revisions over the past 30 days. In the trailing four quarters (excluding the quarter under review), the company underperformed the Zacks Consensus Estimate by an average of 4.1%.
Signet Jewelers Limited Price, Consensus and EPS Surprise
Revenues: Signet generated total revenue of $2,293.1 million that climbed 1% year over year, and also came above the Zacks Consensus Estimate of $2,287 million. However, same store sales dropped 5.2%. Management expects fiscal 2019 same store sales to decline in the low-to-mid single-digit percentage. Further, total sales are projected in a band of $5.9 billion-$6.1 billion for the fiscal.
Key Events: Signet repurchased 8.1 million shares for $460 million in fiscal 2018. As of Feb 3, 2018, the company has remaining authorization of $650.6 million under its share repurchase program. Further, management announced quarterly dividend of 37 cents per share for first-quarter fiscal 2019, which reflects a 20% increase and marks the seventh consecutive year of dividend hike. This dividend will be payable on Jun 1, 2018 to shareholders of record on May 4, with an ex-dividend date of May 3.
Zacks Rank: Currently, Signet carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
Check back later for our full write up on Signet’s earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Image: Bigstock
Signet (SIG) Beats on Q4 Earnings & Sales Estimates
Signet Jewelers Limited (SIG - Free Report) , retailer of diamond jewelry, watches, and other products came out with its fourth-quarter fiscal 2018 results, wherein adjusted earnings came in at $4.28 per share and outpaced the Zacks Consensus Estimate of $4.26.
Management envisions adjusted earnings per share in the range of $3.75-$4.25 for fiscal 2019.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2019 has witnessed downward revisions over the past 30 days. In the trailing four quarters (excluding the quarter under review), the company underperformed the Zacks Consensus Estimate by an average of 4.1%.
Signet Jewelers Limited Price, Consensus and EPS Surprise
Signet Jewelers Limited Price, Consensus and EPS Surprise | Signet Jewelers Limited Quote
Revenues: Signet generated total revenue of $2,293.1 million that climbed 1% year over year, and also came above the Zacks Consensus Estimate of $2,287 million. However, same store sales dropped 5.2%. Management expects fiscal 2019 same store sales to decline in the low-to-mid single-digit percentage. Further, total sales are projected in a band of $5.9 billion-$6.1 billion for the fiscal.
Key Events: Signet repurchased 8.1 million shares for $460 million in fiscal 2018. As of Feb 3, 2018, the company has remaining authorization of $650.6 million under its share repurchase program. Further, management announced quarterly dividend of 37 cents per share for first-quarter fiscal 2019, which reflects a 20% increase and marks the seventh consecutive year of dividend hike. This dividend will be payable on Jun 1, 2018 to shareholders of record on May 4, with an ex-dividend date of May 3.
Zacks Rank: Currently, Signet carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Signet’s earnings report!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks. >>