Signet stock closes lower, projected earnings and revenue declines

From Nasdaq: 2025-01-24 18:15:20

Signet (SIG) closed at $60.45, down -0.56% from the previous day, while the S&P 500 and Dow also experienced losses. In the past month, the stock fell by 26.28%, underperforming the Retail-Wholesale sector. Analysts project a year-over-year earnings decline of 5.05% for Signet, with revenue expected to decrease by 6.71%.

The Zacks Consensus Estimates for Signet predict a full-year earnings decline of 15.81% and a revenue decrease of 6.83% compared to the previous year. Analysts closely monitor these estimates as they impact the stock price in the near future. Currently, Signet holds a Zacks Rank #5 (Strong Sell).

Signet’s valuation metrics include a Forward P/E ratio of 6.96, indicating a potential discount compared to the industry average. The stock’s PEG ratio stands at 3.93, with Retail – Jewelry stocks averaging 4.29. The Retail – Jewelry industry has a Zacks Industry Rank of 168, placing it in the bottom 34% of all industries.

Zacks has identified a top semiconductor stock poised for growth in the Artificial Intelligence, Machine Learning, and Internet of Things sectors. With a projected global semiconductor market growth from $452 billion in 2021 to $803 billion by 2028, this stock presents significant potential for investors.



Read more at Nasdaq: Signet (SIG) Declines More Than Market: Some Information for Investors