Signet Jewelers Sees FY25 Revenue Of $6.66B - $7.02B Vs. $7.17B Est; EPS of $9.08 - $10.48 Vs. $10.57 Est.
Portfolio Pulse from Benzinga Newsdesk
Signet Jewelers provided its financial outlook for FY25, projecting revenues of $6.66B to $7.02B, which is below the estimated $7.17B. The company also forecasts EPS to be between $9.08 and $10.48, compared to the estimated $10.57.
March 20, 2024 | 10:56 am
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Signet Jewelers forecasts lower-than-expected revenue and EPS for FY25, with revenue projections of $6.66B to $7.02B versus an estimated $7.17B, and EPS of $9.08 to $10.48 against an estimated $10.57.
The projected financial figures for FY25 are below the analysts' estimates, which could lead to negative investor sentiment and potentially lower stock prices in the short term. The significant gap between the company's forecasts and the estimates, especially in a high-margin industry like jewelry, underscores concerns about growth and profitability.
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IMPORTANCE 90
RELEVANCE 100