Telsey Advisory Group analyst Dana Telsey has reiterated a Market Perform rating on Signet Jewelers Ltd (SIG) with a price target of $71. The analyst expects SIG's Q2 results to show an EPS of $1.37 and total sales to decrease by 11.1% Y/Y to $1.56 billion. The company's operating expense and capital expenditures are expected to weigh on operating margin, resulting in a range of 8.9% - 9.2%. The analyst also noted that SIG's significant exposure to the bridal segment is not expected to recover until late 2024.