Signet Jewelers Q3 Adj EPS $0.24 Beats $0.18 Estimate, Sales $1.392B Beat $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Signet Jewelers (NYSE:SIG) reported Q3 adjusted earnings per share (EPS) of $0.24, surpassing the analyst consensus estimate of $0.18. However, this represents a 67.57% decrease from the $0.74 EPS reported in the same quarter last year. The company's quarterly sales reached $1.392 billion, slightly above the consensus estimate of $1.39 billion but marking a 12.07% decline from the $1.58 billion in sales reported in the same period the previous year.
December 05, 2023 | 11:51 am
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Signet Jewelers reported better-than-expected Q3 earnings and sales, with an EPS of $0.24 beating estimates by 33.33% and sales exceeding estimates by 0.14%. However, there was a significant year-over-year decline in both earnings and sales.
While the earnings and sales beat may provide a short-term positive sentiment, the significant year-over-year decline in both metrics could raise concerns about the company's growth trajectory and profitability, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100