Signet Jewelers Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Signet Jewelers Limited SIG will release earnings results for its first quarter, before the opening bell on Thursday.

Analysts expect the Akron, Ohio-based company to report quarterly earnings at 85 cents per share. That's down from $1.78 per share in the year-ago period. Signet Jewelers is projected to post quarterly revenue of $1.51 billion, according to data from Benzinga Pro.

On April 3, Signet Jewelers raised its FY25 guidance.

Signet Jewelers shares rose 1.8% to close at $105.63 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Telsey Advisory Group analyst Dana Telsey maintained a Market Perform with a price target of $110 on June 6. This analyst has an accuracy rate of 60%.
• Wells Fargo analyst Ike Boruchow maintained an Overweight rating and raised the price target from $120 to $125 on June 3. This analyst has an accuracy rate of 74%.
• B of A Securities analyst Lorraine Hutchinson maintained a Neutral rating and lowered the price target from $110 to $100 on March 21. This analyst has an accuracy rate of 61%.
• Citigroup analyst Paul Lejuez upgraded the stock from Neutral to Buy and increased the price target from $93 to $119 on Dec. 6, 2023. This analyst has an accuracy rate of 67%.

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