Signet Jewelers Reports Second Quarter Results Above Expectations And Raises FY22 Guidance
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Go back to Signet Jewelers Reports Second Quarter Results Above Expectations And Raises FY22 Guidance
September 2, 2021 3:38 PM EDT
Wells Fargo analyst Ike Boruchow raised the price target on Signet Jewelers (NYSE: SIG) to $80.00 (from $70.00) while maintaining a Equal Weight rating.
The analyst commented, "Following in the footsteps of many of its retail brethren, SIG reported a very strong 2Q beat while raising their outlook well above the Street. There were few holes to poke in the print, though 2H guidance appears very conservative. That said, management continues to execute at a very high level--SIG is driving more sales with fewer stores, improving inventory turns and despite tough compares and B&M re-opening,... More
September 2, 2021 6:51 AM EDT
Signet Jewelers (NYSE: SIG) reported Q2 EPS of $3.57, $1.95 better than the analyst estimate of $1.62. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.63 billion.
GUIDANCE:
Signet Jewelers sees FY2022 revenue of $6.8-6.95 billion, versus the consensus of... More
