Signet Jewelers Limited (SIG) is set to release its FQ1’19 earnings before the market opens on Wednesday, June 6th, 2018. For the upcoming quarter, the Estimize consensus projects an EPS of -$0.08 whereas Wall Street estimates a lower EPS of -$0.10. Estimize predicts a year over year growth rate of -108% for EPS which demonstrates a severe loss in EPS relative to last year. Estimize anticipates its quarterly revenue to come in at $1.425B, and Wall Street predicts a slightly more bullish number of $1.429B which would show a 2% increase in revenue from this quarter last year.
In its 2019 fiscal year, Signet plans to implement the “Signet Path to Brilliance” Transformation Strategy to encourage long-term investments, and promote growth. Furthermore, Signet intends on opening stores in off-mall locations, which is atypical for this company. As Signet makes an effort to become increasingly innovative and present in a contemporary market, it may potentially be able to come back strong from its recent poor financial performance.
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