Signet Jewelers Limited SIG is scheduled to report second-quarter fiscal 2021 results on Sep 3, before the opening bell. The Zacks Consensus Estimate for fiscal second quarter stood at a loss of $1.86, which narrowed down from a loss of $1.91 pegged 30 days ago. The company reported earnings of 51 cents a share in the same quarter a year earlier. Moreover, the consensus mark for quarterly revenues is pinned at $970 million, indicating a decline of more than 28% from the prior-year quarter’s tally.We note that the jewelry retailer delivered a trailing four-quarter earnings surprise of 41.5%, on average.Key Things to NoteSignet has been witnessing softness across its International segment for a while. This is evident from the segment’s dismal same-store sales on lower number of transactions and soft brick-and-mortar sales. In addition, we expect the quarterly performance to have bore the brunt of adverse impacts of coronavirus. Lower sales on COVID-19 impacts has also been de-leveraging fixed costs and hurting gross margin.However, the company’s transformation efforts to be a channel-agnostic retailer, coupled with digital initiatives, might have provided some cushion to the quarter. The company’s Path to Brilliance Plan also appears encouraging.What the Zacks Model PredictsOur proven model predicts an earnings beat for Signet this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Signet Jewelers Limited Price and EPS Surprise Signet Jewelers Limited price-eps-surprise | Signet Jewelers Limited QuoteSignet carries a Zacks Rank #3 and an Earnings ESP of +38.82%.Stocks to ConsiderHere are a few companies you may want to consider, as our model shows that these have the right combination to post an earnings beat:PVH Corp. PVH has an Earnings ESP of +55.22% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.CarMax KMX presently has an Earnings ESP of +25.07% and a Zacks Rank #3.Costco COST has an Earnings ESP of +2.61% and a Zacks Rank #3.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Costco Wholesale Corporation (COST): Free Stock Analysis Report Signet Jewelers Limited (SIG): Free Stock Analysis Report PVH Corp. (PVH): Free Stock Analysis Report CarMax, Inc. (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research