Is Signet Jewelers (SIG) Likely To Disappoint In Q1 Earnings?
Zacks Investment Research | May 22, 2017 10:10PM ET
Signet Jewelers Limited (NYSE:SIG) , a retailer of diamond jewelry, watches and other products, is slated to report first-quarter fiscal 2018 results on May 25. In the previous quarter, the company’s earnings surpassed the Zacks Consensus Estimate by a margin of 0.8%. Notably, in three out of the trailing four quarters, the company’s earnings beat the consensus mark by 9.2%.
What to Expect?
The question lingering in investors’ minds now is whether Signet Jewelers will be able to post positive earnings surprise in the quarter to be reported. The current Zacks Consensus Estimate for the quarter under review is pegged at $1.67, down over 14% year over year. We note that the Zacks Consensus Estimate has been stable in the past 30 days. Analysts polled by Zacks expect revenues of $1,494 million, up over 5% from the year-ago quarter.
Factors at Play
Shares of Signet Jewelers have declined 19% in the past three months, wider than the Zacks categorized Zacks Investment Research
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