Signet Jewelers Stock Hits Resistance at $100 Ahead of Earnings: What to Expect

Signet Jewelers stock (NYSE: SIG) failed to hold the $100 mark ahead of this morning's earnings, falling 4.45% during yesterday's regular trading session, and tailing off further in the extended hours. SIG currently trades at $94.40 per share, with the psychologically relevant $100 resistance level proving to be stubborn.

Analysts predict an EPS of $0.16 for the current quarter (Q3 FY2026) and a significantly higher $5.91 for the next quarter (Q4 FY2026). Looking further ahead, the fiscal year 2026 is projected to bring in an EPS of $8.99, followed by $9.99 in fiscal year 2027. These estimates translate to a year-over-year growth rate of 0.56% for FY2026 and a robust 11.12% for FY2027.

Technically, Signet appears to be in a strong position. The stock price comfortably sits above both its 50-day Simple Moving Average (SMA) of $95.94 and its 200-day SMA of $73.45. This bullish alignment suggests sustained upward momentum, indicating that the recent gains are not just a short-term anomaly.

Recent Successes Provide a Foundation

Signet's recent performance provides further fuel for bullish sentiment. The company's Q2 2025 earnings, released on September 2, 2025, exceeded expectations with an adjusted EPS of $1.61, surpassing the consensus estimate of $1.21 by a significant 33.06%. Revenue also beat expectations, coming in at $1.54 billion, exceeding estimates by 2.51%. This marks the third time in the past four quarters that Signet has surpassed revenue estimates, showcasing consistent operational strength.

Despite the positive indicators, some factors warrant caution. Insider trading activity, particularly the substantial sales by CEO Virginia Drosos (100,000 shares for $10.18 million) and Oded Edelman (33,398 shares for $3.14 million), raises questions. While insider selling isn't always a negative signal, the scale of these transactions could indicate a lack of confidence in the company's future prospects among its leadership.

The coming days will be crucial for Signet Jewelers. YTD, the stock has delivered a 22% gain for holders, but whether SIG can maintain its shine and continue its upward trajectory remains to be seen.