Signet Jewelers Limited Earnings: Here’s Why the Stock is Up Now

Signet Jewelers Limited (NYSE:SIG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 8.44%.

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Signet Jewelers Limited Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 18.44% to $2.12 in the quarter versus EPS of $1.79 in the year-earlier quarter.

Revenue: Rose 11.78% to $1.51 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Signet Jewelers Limited reported adjusted EPS income of $2.12 per share. By that measure, the company beat the mean analyst estimate of $2.09. It beat the average revenue estimate of $1.49 billion.

Quoting Management: Mike Barnes, Chief Executive Officer, commented: “Signet had an excellent Fiscal 2013 with a 3.3% increase in same store sales and a 16.6% increase in earnings per share. I would like to thank all members of the Signet team for their contribution to these results.”

Key Stats (on next page)…

Revenue increased 111.3% from $716.2 million in the previous quarter. EPS increased 393.02% from $0.43 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.1 to a profit $1.12. For the current year, the average estimate has moved up from a profit of $4.29 to a profit of $4.32 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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