Why the Market Dipped But Signet (SIG) Gained Today

In the latest close session, Signet (SIG) was up +1.96% at $100.20. The stock's change was more than the S&P 500's daily loss of 0.54%. Elsewhere, the Dow saw an upswing of 0.03%, while the tech-heavy Nasdaq depreciated by 1.18%.

Shares of the jewelry company have appreciated by 7.15% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 5.23%, and the S&P 500's gain of 0.58%.

Investors will be eagerly watching for the performance of Signet in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on March 19, 2026. It is anticipated that the company will report an EPS of $5.87, marking a 11.33% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $2.33 billion, reflecting a 0.92% fall from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.22 per share and revenue of $6.8 billion. These totals would mark changes of +3.13% and +1.42%, respectively, from last year.

Investors should also pay attention to any latest changes in analyst estimates for Signet. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Signet is carrying a Zacks Rank of #3 (Hold).

Investors should also note Signet's current valuation metrics, including its Forward P/E ratio of 9.57. This denotes a discount relative to the industry average Forward P/E of 16.89.

One should further note that SIG currently holds a PEG ratio of 1.08. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Jewelry industry had an average PEG ratio of 2.56.

The Retail - Jewelry industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 60, putting it in the top 25% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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