Latest news with #SIG
Scoop
14 hours ago
- Politics
- Scoop
Central Honiara Constituency Gives Back Over $500K Funding To Churches, Promotes Transparency
Press Release – Solomon Islands MRD This initiative was made possible through the SIG Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development … The Central Honiara Constituency (CHC) office on May 17, 2025, commenced the rollout of its $546,323.76 funding support program to 42 churches in the constituency. To date, 18 of the 42 churches have received their financial support in the form of tithes and offerings, with others scheduled to receive theirs throughout this week and next week, once the constituency office receives their bank details. This initiative was made possible through the Solomon Islands Government (SIG) Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development Funds (CDF) program. Half of the funding came from the Church Grants, while the remaining amount was allocated from the CDF under the CHC's 2024 budget. A ceremony to kick off the program's implementation was held at Holy Cross Cathedral on Saturday, May 17, 2025, in the presence of media and the public. Having the media and the public witness the disbursement is part of the constituency office's ongoing commitment to transparency and accountability, under the esteemed leadership of Honourable Gordon Darcy Lilo, in line with the new CDF Act 2023. Earlier this month, CHC also delivered two buses to Mataniko Pikinini Clinic and Mbokonavera Clinic to support healthcare services for both health workers and patients within the constituency. Constituency Development Officer (CDO) Paul Rexford stated that MP Lilo and the constituency office are pleased to facilitate support to the churches. 'Giving back to churches what is due to them is important to ensure they can support their operations and outreach programs to spread the gospel of our Lord and Savior to our people,' he said. He added that CHC, under MP Lilo's guidance, has decided that before delivering other projects, the primary focus is to prioritize Community first—by supporting the churches first. 'Despite Central Honiara having the largest number of registered voters—over 17,000 in the last election—we continue to see it as both fitting and important to give back to these churches through their tithes and offerings. This is to ensure the work of our Lord Jesus Christ continues in this country,' CDO Rexford emphasized. 'As the CDO for CHC, I am humbled and pleased to see church leader's express gratitude and delight for the support provided by the CHC, made possible through the national government via the constituency office. '…As Christians, let us all pray for each other, pray for our constituency and country, and work together as a team for the betterment of CHC and our nation,' Mr. Rexford urged. He also noted that similar support was provided last year through Hon. Gordon Darcy Lilo's discretionary fund. 'For 2025, this marks the first time the CHC team has facilitated support through the Church Grant and CDF especially for churches,' he said. 'Under the payout, smaller churches received $10,098.80, while bigger churches—such as Holy Cross Cathedral, Central SSEC, St. Barnabas Cathedral, and Wesley United—received amounts exceeding $10,000,'Mr. Rexford said. Church leaders who attended the ceremony expressed profound gratitude to the government, Hon. Lilo, and the CHC officers for their generous support and commendable efforts for the constituents of CHC. 'This is the first of its kind. It has never happened before. Your wisdom in recognizing churches from all denominations, big and small, is laudable and praiseworthy. Thank you, Hon. Lilo, for your leadership,' the church leaders stated. One church pastor illustrated this with the parable of the ten lepers in Luke 17:11-19, where Jesus healed ten men with leprosy, but only one returned to thank Him (Lord). 'CHC is like the one who returned to thank Jesus. CHC has come back to give support to its constituents and churches through these tithes and offerings,' Mr. Rexford quoted the pastor. The church leaders assured that churches will continue to pray for the government, CHC constituents, Hon. Lilo, and his officers as they continue serving His people.
Scoop
14 hours ago
- Politics
- Scoop
Central Honiara Constituency Gives Back Over $500K Funding To Churches, Promotes Transparency
Press Release – Solomon Islands MRD This initiative was made possible through the SIG Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development … The Central Honiara Constituency (CHC) office on May 17, 2025, commenced the rollout of its $546,323.76 funding support program to 42 churches in the constituency. To date, 18 of the 42 churches have received their financial support in the form of tithes and offerings, with others scheduled to receive theirs throughout this week and next week, once the constituency office receives their bank details. This initiative was made possible through the Solomon Islands Government (SIG) Church Grants arrangement for church organizations under the Ministry of Traditional Governance and Ecclesiastical Affairs (MTGEA) and the Ministry of Rural Development (MRD), under the Constituency Development Funds (CDF) program. Half of the funding came from the Church Grants, while the remaining amount was allocated from the CDF under the CHC's 2024 budget. A ceremony to kick off the program's implementation was held at Holy Cross Cathedral on Saturday, May 17, 2025, in the presence of media and the public. Having the media and the public witness the disbursement is part of the constituency office's ongoing commitment to transparency and accountability, under the esteemed leadership of Honourable Gordon Darcy Lilo, in line with the new CDF Act 2023. Earlier this month, CHC also delivered two buses to Mataniko Pikinini Clinic and Mbokonavera Clinic to support healthcare services for both health workers and patients within the constituency. Constituency Development Officer (CDO) Paul Rexford stated that MP Lilo and the constituency office are pleased to facilitate support to the churches. 'Giving back to churches what is due to them is important to ensure they can support their operations and outreach programs to spread the gospel of our Lord and Savior to our people,' he said. He added that CHC, under MP Lilo's guidance, has decided that before delivering other projects, the primary focus is to prioritize Community first—by supporting the churches first. 'Despite Central Honiara having the largest number of registered voters—over 17,000 in the last election—we continue to see it as both fitting and important to give back to these churches through their tithes and offerings. This is to ensure the work of our Lord Jesus Christ continues in this country,' CDO Rexford emphasized. 'As the CDO for CHC, I am humbled and pleased to see church leader's express gratitude and delight for the support provided by the CHC, made possible through the national government via the constituency office. '…As Christians, let us all pray for each other, pray for our constituency and country, and work together as a team for the betterment of CHC and our nation,' Mr. Rexford urged. He also noted that similar support was provided last year through Hon. Gordon Darcy Lilo's discretionary fund. 'For 2025, this marks the first time the CHC team has facilitated support through the Church Grant and CDF especially for churches,' he said. 'Under the payout, smaller churches received $10,098.80, while bigger churches—such as Holy Cross Cathedral, Central SSEC, St. Barnabas Cathedral, and Wesley United—received amounts exceeding $10,000,'Mr. Rexford said. Church leaders who attended the ceremony expressed profound gratitude to the government, Hon. Lilo, and the CHC officers for their generous support and commendable efforts for the constituents of CHC. 'This is the first of its kind. It has never happened before. Your wisdom in recognizing churches from all denominations, big and small, is laudable and praiseworthy. Thank you, Hon. Lilo, for your leadership,' the church leaders stated. One church pastor illustrated this with the parable of the ten lepers in Luke 17:11-19, where Jesus healed ten men with leprosy, but only one returned to thank Him (Lord). 'CHC is like the one who returned to thank Jesus. CHC has come back to give support to its constituents and churches through these tithes and offerings,' Mr. Rexford quoted the pastor. The church leaders assured that churches will continue to pray for the government, CHC constituents, Hon. Lilo, and his officers as they continue serving His people.
Yahoo
2 days ago
- Business
- Yahoo
Signet (SIG) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Analysts on Wall Street project that Signet (SIG) will announce quarterly earnings of $1.02 per share in its forthcoming report, representing a decline of 8.1% year over year. Revenues are projected to reach $1.52 billion, increasing 0.4% from the same quarter last year. The current level reflects a downward revision of 4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective. In light of this perspective, let's dive into the average estimates of certain Signet metrics that are commonly tracked and forecasted by Wall Street analysts. The combined assessment of analysts suggests that 'Sales- North America segment' will likely reach $1.43 billion. The estimate indicates a change of +0.5% from the prior-year quarter. Analysts forecast 'Sales- International segment' to reach $75.90 million. The estimate indicates a year-over-year change of -1.7%. Analysts expect 'Sales- Other segment' to come in at $13.65 million. The estimate indicates a change of +0.4% from the prior-year quarter. The collective assessment of analysts points to an estimated 'Total Number of Stores' of 2,635. Compared to the present estimate, the company reported 2,676 in the same quarter last year. Analysts' assessment points toward 'Number of stores - International segment' reaching 262. The estimate compares to the year-ago value of 271. Based on the collective assessment of analysts, 'Number of stores - North America segment' should arrive at 2,374. The estimate is in contrast to the year-ago figure of 2, all Key Company Metrics for Signet here>>>Shares of Signet have experienced a change of +12.6% in the past month compared to the +6.7% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SIG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Signet Jewelers Limited (SIG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Signet (SIG) Gains As Market Dips: What You Should Know
Signet (SIG) ended the recent trading session at $66.78, demonstrating a +0.62% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.56% loss on the day. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq depreciated by 0.51%. Shares of the jewelry company witnessed a gain of 10.34% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 5.88% and the S&P 500's gain of 7.37%. The investment community will be closely monitoring the performance of Signet in its forthcoming earnings report. The company is scheduled to release its earnings on June 3, 2025. On that day, Signet is projected to report earnings of $1.02 per share, which would represent a year-over-year decline of 8.11%. Our most recent consensus estimate is calling for quarterly revenue of $1.52 billion, up 0.38% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.65 per share and revenue of $6.69 billion. These totals would mark changes of -3.24% and -0.15%, respectively, from last year. Any recent changes to analyst estimates for Signet should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.57% downward. As of now, Signet holds a Zacks Rank of #3 (Hold). Valuation is also important, so investors should note that Signet has a Forward P/E ratio of 7.67 right now. For comparison, its industry has an average Forward P/E of 16.41, which means Signet is trading at a discount to the group. We can also see that SIG currently has a PEG ratio of 0.53. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Retail - Jewelry industry held an average PEG ratio of 4.29. The Retail - Jewelry industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 33, positioning it in the top 14% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Signet Jewelers Limited (SIG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Signet (SIG) Expected to Beat Earnings Estimates: Should You Buy?
The market expects Signet (SIG) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on June 3, 2025, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This jewelry company is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of -8.1%. Revenues are expected to be $1.52 billion, up 0.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 3.95% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Signet, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.94%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Signet will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Signet would post earnings of $6.39 per share when it actually produced earnings of $6.62, delivering a surprise of +3.60%. Over the last four quarters, the company has beaten consensus EPS estimates three times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Signet appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Signet Jewelers Limited (SIG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
