Signet Lifts Fiscal 2027 Profit Outlook After Strong Quarter
The jeweler raised its earnings forecasts, while shares gained 8.4% in the month after its latest results, according to Zacks.
Key takeaways
- Signet raised its fiscal 2027 adjusted EPS outlook to $10.45-$12.15.
- Second-quarter adjusted earnings were $2.19 per share, above the $1.69 consensus estimate.
- Shares gained 8.4% in the month after Signet’s last earnings report, according to Zacks.
Signet Jewelers raised its fiscal 2027 profit outlook after second-quarter adjusted earnings topped estimates. Its shares had gained 8.4% in the month since the results, according to Zacks.
The company now expects adjusted earnings of $10.45 to $12.15 per share for fiscal 2027, up from its earlier range of $9.20 to $11.00. It also lifted its adjusted operating income and adjusted EBITDA forecasts, while keeping its sales outlook at $6.7 billion to $6.9 billion.
Signet reported adjusted earnings of $2.19 per share for the quarter, above the $1.69 Zacks consensus estimate. Sales fell 0.5% year over year to $1,528.1 million, slightly below the consensus estimate. Same-store sales rose 2.2%.
Zacks said earnings estimates had trended upward over the past month, with the consensus estimate shifting 18.82%. As of Friday afternoon, Signet shares traded at $106.50, up 0.58% from the previous close.
This article was produced with the help of AI technology. Source: Yahoo Finance
