Slowing Trends And Slowing Wedding Market Will Impact Signet Jewelers Despite Earnings Beat: Analyst

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Signet Jewelers Limited (NYSE:SIG) with a price target of $85.

Signet’s EPS for the quarter of $1.78 (versus $2.86 last year) topped the consensus estimate of $1.49. Total sales fell 9.3% to $1.67 billion for the quarter, coming in better than the consensus estimate for a 10.3% decline to $1.65 billion and the guidance range of $1.62 billion-$1.65 billion.