Zacks: Analysts Expect Express, Inc. (EXPR) to Announce $0.10 Earnings Per Share

Equities analysts forecast that Express, Inc. (NYSE:EXPR) will announce earnings of $0.10 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Express’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Express posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The company is scheduled to report its next earnings report on Thursday, November 29th.

According to Zacks, analysts expect that Express will report full-year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.49. For the next financial year, analysts forecast that the company will post earnings of $0.52 per share, with EPS estimates ranging from $0.40 to $0.63. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Express.

Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, August 29th. The company reported $0.03 EPS for the quarter. The business had revenue of $493.60 million during the quarter, compared to analyst estimates of $482.37 million. Express had a return on equity of 5.64% and a net margin of 1.78%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share.

Several equities analysts have commented on EXPR shares. B. Riley raised their price objective on Express from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. SunTrust Banks raised their price objective on Express from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Thursday, July 12th. Finally, ValuEngine lowered Express from a “buy” rating to a “hold” rating in a research report on Friday, June 1st. Eight investment analysts have rated the stock with a hold rating, Express presently has an average rating of “Hold” and a consensus price target of $9.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in shares of Express by 13.5% during the 1st quarter. Wells Fargo & Company MN now owns 132,292 shares of the company’s stock worth $947,000 after purchasing an additional 15,767 shares during the period. SG Americas Securities LLC purchased a new position in shares of Express during the 1st quarter worth $246,000. Swiss National Bank lifted its stake in shares of Express by 5.0% during the 1st quarter. Swiss National Bank now owns 137,300 shares of the company’s stock worth $983,000 after purchasing an additional 6,600 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Express by 12.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,410,371 shares of the company’s stock worth $10,099,000 after purchasing an additional 157,542 shares during the period. Finally, Systematic Financial Management LP lifted its stake in shares of Express by 32.5% during the 1st quarter. Systematic Financial Management LP now owns 167,480 shares of the company’s stock worth $1,199,000 after purchasing an additional 41,105 shares during the period.

Express stock traded down $0.14 on Friday, hitting $11.04. 1,270,400 shares of the stock traded hands, compared to its average volume of 2,216,990. The firm has a market capitalization of $798.38 million, a P/E ratio of 31.17 and a beta of 0.90. Express has a 1 year low of $5.82 and a 1 year high of $11.69.

Express Company Profile

Express, Inc operates as a specialty apparel and accessories retailer. It offers apparel and accessories for women and men between 20 and 30 years across various aspects of lifestyles, including work, casual, jeanswear, and going-out occasions. The company sells its products through its e-commerce Website, express.com; mobile app; and franchisees Express locations in Latin America.

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Earnings History and Estimates for Express (NYSE:EXPR)

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