Why Signet (SIG) Dipped More Than Broader Market Today

Company Performance - Signet (SIG) closed at $59.54, reflecting a -1.51% change from the previous day, underperforming the S&P 500's daily loss of 1.46% [1] - Over the past month, Signet's shares have decreased by 26.25%, contrasting with the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 1.08% [1] Upcoming Earnings - Analysts predict Signet will report an EPS of$ 6.39, indicating a 5.05% decline compared to the same quarter last year [2] - The consensus estimate for revenue is projected at $2.33 billion, reflecting a 6.71% decrease from the equivalent quarter last year [2] Annual Forecast - Zacks Consensus Estimates forecast earnings of$ 8.73 per share and revenue of $6.68 billion for the year, indicating changes of -15.81% and -6.83%, respectively, compared to the previous year [3] Analyst Projections - Recent shifts in analyst projections for Signet should be monitored, as positive estimate revisions can indicate a favorable business outlook [4] Zacks Rank and Valuation - The Zacks Rank system currently rates Signet as 5 (Strong Sell), with the EPS estimate moving 11.6% lower over the last 30 days [6] - Signet's Forward P/E ratio is 6.92, indicating a discount compared to its industry's Forward P/E of 21.71 [6] Industry Comparison - Signet has a PEG ratio of 3.91, while the average PEG ratio for Retail - Jewelry stocks is 4.29 [7] - The Retail - Jewelry industry holds a Zacks Industry Rank of 216, placing it in the bottom 14% of over 250 industries [7]