Why Signet Jewelers Stock Shined Brightly Today
Signet Jewelers (NYSE: SIG) stock exploded 22.2% higher through 10 a.m. ET after beating earnings forecasts Wednesday morning.
Heading into the report, analysts forecast that the retailer would earn $6.25 per share in its fiscal Q4 2025 on sales of just over $2.3 billion. (Note that the company's fiscal year is one year ahead of the calendar year). Signet's earnings, adjusted for one-time items, were $6.62 per share, and the company achieved $2.4 billion in sales.
Not all the news was good. Although sales exceeded expectations, they still declined 5.8% year over year in Q4, and same-store sales declined 1.1%. The company recorded $4.58 per share in asset impairment charges, reducing its non-GAAP $6.62 per-share earnings to $2.30 per share, when calculated according to generally accepted accounting principles (GAAP).
Source Fool.com
Signet Jewelers Stock
Signet Jewelers is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
With a target price of 87 € there is a slightly positive potential of 18.63% for Signet Jewelers compared to the current price of 73.34 €.
