Signet Jewelers (NYSE: SIG) reported earnings on Aug. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 28 (Q2), Signet Jewelers met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased.
Gross margins dropped, operating margins expanded, net margins were steady.
Revenue details
Signet Jewelers logged revenue of $853.9 million. The six analysts polled by S&P Capital IQ anticipated a top line of $849.6 million on the same basis. GAAP reported sales were 7.1% higher than the prior-year quarter's $797.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.85. The nine earnings estimates compiled by S&P Capital IQ predicted $0.83 per share. GAAP EPS of $0.85 for Q2 were 12% higher than the prior-year quarter's $0.76 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 36.4%, 60 basis points worse than the prior-year quarter. Operating margin was 13.0%, 20 basis points better than the prior-year quarter. Net margin was 8.3%, about the same as the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $730.3 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $3.94 billion. The average EPS estimate is $4.20.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 69 members out of 87 rating the stock outperform, and 18 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give Signet Jewelers a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Signet Jewelers is outperform, with an average price target of $58.21.
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