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Apr 03, 2019

Signet (SIG, $28.30) beats Q4 earnings estimates, but loses lustre compared to year-ago quarter

Signet Jewelers’ adjusted earnings for its fiscal fourth quarter beat analysts’ expectations, but declined from the year-ago period.

The world's largest retailer of diamond jewellery incurred a net loss of -$116.2 million (or a loss of -$2.25 a share) for the three months ended Feb.2, compared to the year-ago quarter’s profit of $343 million (or $5.24 earnings a share).

However, adjusted earnings of $3.96 a share managed to surpass analysts’ expected $3.81 a share (based on FactSet data).

Signet’s total sales declined from the year-ago period to $2.15 billion, although the figure exceeded consensus estimates of $2.14 billion (based on FactSet data). Same-store sales decreased -2%, slightly steeper than the -1.9% decline expected by analysts.

CEO Virginia Drosos praised the company’s cost cutting strategy and marketing improvement methods, but still acknowledged lower-than-expected performance for the latest quarter citing “a highly competitive promotional environment, continued consumer weakness in the UK, and lower than expected customer demand for legacy merchandise collections that impacted our holiday fourth quarter results."

Looking ahead, Signet expects its adjusted earnings to range between $2.87 and $3.45 per share, in line with current FactSet consensus estimates of $3.13 per share. Its sales forecast ranges between $6 billion and $6.1 billion, also in line with the analysts’ expectations of $6.1 billion.

 

 

Related Ticker: SIG

SIG in downward trend: price may decline as a result of having broken its higher Bollinger Band on February 09, 2024

SIG broke above its upper Bollinger Band on February 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 43 similar instances where the stock broke above the upper band. In of the 43 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SIG as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SIG turned negative on February 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .

SIG moved below its 50-day moving average on February 29, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SIG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SIG advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 273 cases where SIG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.863) is normal, around the industry mean (5.458). P/E Ratio (11.893) is within average values for comparable stocks, (48.035). SIG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.039). Dividend Yield (0.009) settles around the average of (0.024) among similar stocks. P/S Ratio (0.838) is also within normal values, averaging (3.884).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SIG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Capri Holdings Limited (NYSE:CPRI), Signet Jewelers Limited (NYSE:SIG), RealReal (The) (NASDAQ:REAL).

Industry description

‘Other Consumer Specialties’ represents an industry that typically sells durable consumer products, but do not have a classification in another category. The products include jewelry, smoke detectors, watches, collectibles and safety products. MSA Safety (makes products which enhances the safety and health of workers and protect facility infrastructures), Matthews International (memorialization business), Fitbit (makes wireless-enabled wearable technology devices that gauge data such as the number of steps walked, heart rate, quality of sleep), and Fossil Group (makes watches and accessories) have some of the largest market caps in this group.

Market Cap

The average market capitalization across the Other Consumer Specialties Industry is 44.96B. The market cap for tickers in the group ranges from 1.62K to 466.87B. LVMUY holds the highest valuation in this group at 466.87B. The lowest valued company is FJHL at 1.62K.

High and low price notable news

The average weekly price growth across all stocks in the Other Consumer Specialties Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was -1%. REAL experienced the highest price growth at 65%, while MENEF experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Other Consumer Specialties Industry was 332%. For the same stocks of the Industry, the average monthly volume growth was 348% and the average quarterly volume growth was 256%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 63
Price Growth Rating: 51
SMR Rating: 69
Profit Risk Rating: 64
Seasonality Score: 14 (-100 ... +100)
View a ticker or compare two or three
SIGDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an operatorof jewelry stores

Industry OtherConsumerSpecialties

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
2 Church Street
Phone
+1 441 296-5872
Employees
29660
Web
https://www.signetjewelers.com
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SIG and

Correlation & Price change

A.I.dvisor indicates that over the last year, SIG has been loosely correlated with MOV. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if SIG jumps, then MOV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SIG
1D Price
Change %
SIG100%
-0.19%
MOV - SIG
51%
Loosely correlated
+0.35%
TPR - SIG
48%
Loosely correlated
-0.65%
FOSL - SIG
31%
Poorly correlated
-1.89%
BRLT - SIG
27%
Poorly correlated
-4.58%
REAL - SIG
27%
Poorly correlated
+55.93%
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