Signet Jewelers reported better-than-expected same-store sales for the second quarter as the jewelry retailer sees an increase in customer demand. Signet’s adjusted earnings of $1.25 per share came in above estimates of $1.

Signet Jewelers Limited is a strong buy with solid earnings potential and a possible dividend increase on the horizon. Click for my post Q2 release SIG update.

Signet Jewelers Limited Quote Signet reported adjusted earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.13. The bottom line decreased 19.4% from $1.55 in the year-ago quarter. This jewelry retailer generated total sales of $1,

Shares of Signet Jewelers (NYSE: SIG) were shining bright today as the world's largest diamond jewelry retailer posted better-than-expected results in its second-quarter earnings report. As of 10:10 a.m. ET, the stock was up 15.1% on the news. Image source: Getty Images.

In the assessment of 12-month price targets, analysts unveil insights for Signet Jewelers, presenting an average target of $96.8, a high estimate of $105.00, and a low estimate of $87.00. Observing a downward trend, the current average is 8.68% lower than the prior average price target of $106.00.

Key Takeaways Signet Jewelers exceeded earnings forecasts and gave an upbeat assessment about same-store sales.The jewelry store chain's same-store sales fell, but less than expected, and CEO Virginia Drosos said they were turning positive for the current quarter.