For the third quarter of fiscal 2023, the consensus estimates call for revenue of $1.86 billion, up 1.7% sequentially but 2.1% lower year over year. SAIC is expected to post adjusted EPS of $1.73, down 1.4% sequentially and by 6.5% year over year. For the full fiscal year ending in January, the company is expected to report EPS of $7.08, down 2.6%, on sales of $7.53 billion, up 3.6%.
SAIC stock trades at 15.5 times expected 2023 EPS, 14.8 times estimated 2024 earnings of $7.43 and 13.6 times estimated 2025 earnings of $8.04 per share. The stock’s 52-week range is $78.10 to $113.03. SAIC pays an annual dividend of $1.48 (yield of 1.35%). Total shareholder return for the past year was 30.7%.
Signet Jewelers
Signet Jewelers Ltd. (NYSE: SIG) is a global diamond jewelry retailer. Among its brands are Kay Jewelers, Zales and Jared, three of the four largest U.S. jewelers. The company operates nearly 2,900 stores and kiosks worldwide and is domiciled in Bermuda. Look for the company to report on Tuesday morning.
Shares have dropped by about 28% over the past 12 months, with virtually all the decline coming since inflation and the threat of recession became front-page news about six months ago. The good news for Signet is that there are 22 million U.S. millionaires who are “revenge spending,” according to Coresight Research, for all that time they were penned up by pandemic lockdowns.
There are just six analyst ratings on Signet’s stock, and only half of those are Buy ratings. At s share price of around $63.30, the stock’s upside potential based on a median price target of $75.50 is 19.3%. At the high target of $90.00, the upside potential is about 42.2%.
For the third quarter of fiscal 2023, the consensus estimates call for revenue of $1.51 billion, down 13.9% sequentially and by 1.9% year over year. Signet is expected to post adjusted EPS of $0.32, down 88.2% sequentially and 77.6% lower year over year. For the full fiscal year ending in January, the company is expected to report EPS of $10.93, down 11%, on sales of $7.79 billion, down 0.5%. Signet’s revenue and EPS are highly seasonal, with the January quarter registering about a third of annual revenue and about 45% of EPS.
Signet stock trades at 5.8 times expected 2023 EPS, 6.1 times estimated 2024 earnings of $10.31 and 6.2 times estimated 2025 earnings of $10.15 per share. The stock’s 52-week range is $48.30 to $98.67. SAIC pays an annual dividend of $0.80 (yield of 1.28%). Total shareholder return for the past year was negative 27.4%.
Originally published at 24/7 Wall St.
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