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Jewelry Store Stock Earnings Preview: SIG vs. TIF
Today’s video takes a closer look at the jewelry corner of the retail market, an area that is definitely facing some questions.
This area of the retail world has been struggling for quite some time, much like its peers in the broader retail space. However, the outlooks remain poor for companies here, and there are still questions about growth in this corner of the market.
That is why this industry has a bottom 15% industry rank, and why many companies have ‘sell’ ranks right now. But what about some of the top companies reporting this week? Let’s take a quick look at some of the big names ahead of their reports below…
Tiffany & Co
It has definitely been a rough time for TIF, and it has a very ugly track record in earnings season too. The company has missed estimates in three of the last four reports, while earnings estimates appear to be on a continued downtrend as well. This is again a case where you just need to hope that expectations are just too low, but with a ‘sell’ ranking, it is hard to have high expectations even with a ‘B’ fundamental score for this stock.
TIFFANY & CO Price, Consensus and EPS Surprise
TIFFANY & CO Price, Consensus and EPS Surprise | TIFFANY & CO Quote
Tiffany & Co. reports before the bell on 8/25.
Signet Jewelers (SIG - Free Report)
SIG has been doing a little bit better than TIF lately, but things still haven’t been great. Yes, the company does have a better track record in earnings season, but estimates have been trending lower in recent sessions here as well. But with a recent move to ‘sell’ territory, it is hard to like this one either, but it at least appears to be slightly more optimistic than TIF at this time.
SIGNET JEWELERS Price, Consensus and EPS Surprise
SIGNET JEWELERS Price, Consensus and EPS Surprise | SIGNET JEWELERS Quote
Signet reports before the bell on 8/25.
For more in-depth analysis of these companies, make sure to watch our short video on the topic. And for additional insights on trading earnings reports, check out our podcast below: