Signet Surges on Impressive Q3
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Signet Surges on Impressive Q3

Shares of diamond jewelry stores operator Signet Jewelers (NYSE:SIG) are soaring higher today on the back of its strong third-quarter performance.

Revenue rose 6.7% year-over-year to $1.6 billion, outperforming estimates by $90 million. Further, EPS at $0.74 comfortably glittered past expectations by $0.42.

Looking ahead, for fiscal 2023, Signet anticipates top-line landing between $7.77 billion and $7.84 billion (previous estimate between $7.60 billion and $7.70 billion).

EPS is seen hovering between $11.40 and $12 (previous estimates between $10.98 and $11.57).

Analysts currently have a Hold consensus rating on the stock based on two unanimous Holds.

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