Why Signet (SIG) Rose Today Despite a Market Decline

Signet Outperforms Market in Latest Trading Session

During the most recent market close, Signet (SIG) saw its shares climb by 1.96%, ending the day at $100.20. This positive movement stood in contrast to the S&P 500, which slipped by 0.54%. Meanwhile, the Dow inched up 0.03%, and the Nasdaq, known for its technology stocks, dropped 1.18%.

Recent Performance and Sector Comparison

Over the past month, Signet's stock has gained 7.15%, outpacing the Retail-Wholesale sector, which declined by 5.23%. In comparison, the S&P 500 posted a modest increase of 0.58% during the same period.

Upcoming Earnings Report

Investors are closely monitoring Signet’s upcoming earnings announcement, scheduled for March 19, 2026. Analysts expect the company to report earnings per share (EPS) of $5.87, representing an 11.33% decrease from the same quarter last year. Revenue is projected to reach $2.33 billion, a slight dip of 0.92% year-over-year.

Full-Year Outlook

For the full fiscal year, consensus estimates predict earnings of $9.22 per share and total revenue of $6.8 billion. These figures would reflect year-over-year increases of 3.13% and 1.42%, respectively.

Analyst Estimate Trends

It’s important for investors to keep an eye on any recent changes in analyst forecasts for Signet. Such revisions often signal shifts in the company’s short-term business outlook. Upward estimate adjustments typically indicate growing confidence in the company’s prospects and profitability.

The Impact of Estimate Revisions

Research shows that changes in analyst estimates are closely linked to short-term stock price movements. To help investors capitalize on these trends, Zacks has developed the Zacks Rank—a proprietary rating system that incorporates estimate changes into its analysis.

Understanding the Zacks Rank

The Zacks Rank ranges from #1 (Strong Buy) to #5 (Strong Sell) and has a strong history of outperforming the market, as verified by independent audits. Stocks rated #1 have delivered an average annual return of 25% since 1988. Over the past month, consensus EPS estimates for Signet have remained unchanged, and the stock currently holds a Zacks Rank of #3 (Hold).

Valuation Metrics

Signet’s Forward P/E ratio stands at 9.57, which is lower than the industry average of 16.89, suggesting the stock may be undervalued relative to its peers.

PEG Ratio Comparison

Currently, SIG has a PEG ratio of 1.08. The PEG ratio, similar to the P/E ratio but adjusted for expected earnings growth, offers additional insight into valuation. By comparison, the average PEG ratio for the Retail - Jewelry industry is 2.56 as of the last trading session.

Industry Standing

The Retail - Jewelry segment is part of the broader Retail-Wholesale sector and currently holds a Zacks Industry Rank of 60, placing it among the top 25% of over 250 industry groups.

About the Zacks Industry Rank

The Zacks Industry Rank evaluates the strength of industry groups by averaging the Zacks Ranks of their component stocks. Historically, industries in the top half outperform those in the bottom half by a two-to-one margin.

Stay Informed

For ongoing updates on these and other key stock metrics, be sure to visit Zacks.com as you navigate upcoming trading sessions.

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