Signet Jewelers Likely to Report 'Decent' Q1, UBS Says

MT Newswires Live
May 23

Signet Jewelers (SIG) is expected to post a "decent" Q1, with a likely $0.10 EPS beat, UBS Securities said in a note Thursday.

Still, the report said the firm could lower the high end of its fiscal 2027 EPS guidance by $0.20 to $0.25 due to macro uncertainty.

"We believe the market has similar expectations and thus don't expect this to drive big changes on sentiment," the note said. The firm plans to release its Q1 results June 2.

The report said the stock's move will depend on its Q2 outlook and quarter-to-date comparable sales trends.

"We don't have a strong view on what SIG will indicate QTD," the note said.

UBS lowered its price target to $121 from $126 while keeping its buy rating.

Price: 81.14, Change: -0.27, Percent Change: -0.33

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10