Express, Inc. (EXPR) Expected to Post Earnings of -$0.31 Per Share

Wall Street brokerages expect Express, Inc. (NYSE:EXPR) to announce earnings of ($0.31) per share for the current quarter, according to Zacks. Three analysts have made estimates for Express’ earnings. The lowest EPS estimate is ($0.33) and the highest is ($0.30). Express reported earnings of $0.01 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3,200%. The firm is expected to report its next earnings report on Thursday, May 30th.

On average, analysts expect that Express will report full-year earnings of ($0.16) per share for the current financial year, with EPS estimates ranging from ($0.34) to $0.08. For the next financial year, analysts expect that the company will post earnings of $0.00 per share, with EPS estimates ranging from ($0.19) to $0.28. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Express.

Express (NYSE:EXPR) last posted its earnings results on Wednesday, March 13th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Express had a return on equity of 3.84% and a net margin of 0.46%. The firm had revenue of $628.40 million for the quarter, compared to the consensus estimate of $629.63 million. During the same quarter in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was down 10.2% on a year-over-year basis.

A number of research firms have weighed in on EXPR. ValuEngine upgraded Express from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Zacks Investment Research cut Express from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Wedbush lowered their price target on Express from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Finally, TheStreet cut Express from a “c” rating to a “d+” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.40.

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Express in the 4th quarter worth $63,000. Meeder Asset Management Inc. grew its stake in Express by 827.0% during the 4th quarter. Meeder Asset Management Inc. now owns 13,061 shares of the company’s stock valued at $67,000 after acquiring an additional 11,652 shares in the last quarter. Creative Planning grew its stake in Express by 36.6% during the 1st quarter. Creative Planning now owns 14,000 shares of the company’s stock valued at $60,000 after acquiring an additional 3,750 shares in the last quarter. Pacer Advisors Inc. grew its stake in Express by 215.2% during the 3rd quarter. Pacer Advisors Inc. now owns 15,931 shares of the company’s stock valued at $176,000 after acquiring an additional 10,876 shares in the last quarter. Finally, Zacks Investment Management purchased a new stake in Express during the 4th quarter valued at about $86,000.

Shares of EXPR stock traded down $0.07 during midday trading on Friday, reaching $3.64. 32,297 shares of the stock were exchanged, compared to its average volume of 1,871,140. Express has a 1 year low of $3.48 and a 1 year high of $11.69. The company has a market capitalization of $264.03 million, a price-to-earnings ratio of 11.34 and a beta of 1.00.

Express Company Profile

Express, Inc operates as an apparel and accessories retailer. It offers apparel and accessories for women and men for work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; and mobile app, as well as franchisees Express locations in Latin America.

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Earnings History and Estimates for Express (NYSE:EXPR)

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