Strong Zale (ZLC) Results May be Positive for Signet (SIG) Into Q1 Report
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Price: $81.53 +0.63%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: -0.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: -0.6%
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Tiffany & Co. (NYSE: TIF) and Signet Jewelers (NYSE: SIG) are both up on the session Wednesday following positive results from peer Zale Corp (NYSE: ZLC) earlier.
Zale reported surprise Q3 EPS of 13 cents, versus expectations calling for a loss of 2 cents per share. Comps rose 2.6 percent on a constant-currency basis.
News comes as Signet is expected to report Q1 results Thursday morning. The Street sees EPS of $1.11 on revs of $1.02 billion, versus EPS of 96 cents and revs of $900 million in the same period last year.
Both Tiffany and Signet are up about 0.5 percent on the session.
Zale reported surprise Q3 EPS of 13 cents, versus expectations calling for a loss of 2 cents per share. Comps rose 2.6 percent on a constant-currency basis.
News comes as Signet is expected to report Q1 results Thursday morning. The Street sees EPS of $1.11 on revs of $1.02 billion, versus EPS of 96 cents and revs of $900 million in the same period last year.
Both Tiffany and Signet are up about 0.5 percent on the session.
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