Analysts Expect Express, Inc. (EXPR) Will Announce Earnings of -$0.31 Per Share

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Equities analysts expect Express, Inc. (NYSE:EXPR) to announce earnings of ($0.31) per share for the current quarter, Zacks reports. Three analysts have provided estimates for Express’ earnings. The highest EPS estimate is ($0.30) and the lowest is ($0.33). Express posted earnings of $0.01 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3,200%. The business is scheduled to announce its next quarterly 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 fiscal year, with EPS estimates ranging from ($0.34) to $0.08. For the next fiscal year, analysts forecast that the business will report earnings of $0.00 per share, with EPS estimates ranging from ($0.19) to $0.28. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Express.

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

Several research analysts have weighed in on the stock. TheStreet downgraded shares of Express from a “c” rating to a “d+” rating in a research report on Thursday, March 14th. ValuEngine downgraded shares of Express from a “sell” rating to a “strong sell” rating in a research report on Monday, February 25th. Zacks Investment Research raised shares of Express from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. Wedbush cut their price objective on shares of Express from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Finally, Deutsche Bank cut their price objective on shares of Express from $7.00 to $5.00 and set a “hold” rating on the stock in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Express has an average rating of “Hold” and a consensus target price of $6.40.

A number of large investors have recently added to or reduced their stakes in EXPR. BlackRock Inc. grew its position in Express by 3.6% in the 3rd quarter. BlackRock Inc. now owns 10,648,459 shares of the company’s stock valued at $117,772,000 after buying an additional 371,547 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Express by 1.4% during the third quarter. Vanguard Group Inc. now owns 7,256,644 shares of the company’s stock worth $80,259,000 after buying an additional 98,995 shares in the last quarter. Vanguard Group Inc boosted its holdings in Express by 1.4% during the third quarter. Vanguard Group Inc now owns 7,256,644 shares of the company’s stock worth $80,259,000 after buying an additional 98,995 shares in the last quarter. Contrarius Investment Management Ltd boosted its holdings in Express by 2.6% during the fourth quarter. Contrarius Investment Management Ltd now owns 6,111,868 shares of the company’s stock worth $31,232,000 after buying an additional 152,761 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Express by 23.8% during the fourth quarter. LSV Asset Management now owns 1,945,100 shares of the company’s stock worth $9,939,000 after buying an additional 373,800 shares in the last quarter.

Express stock traded up $0.06 during midday trading on Friday, reaching $3.92. 25,005 shares of the company traded hands, compared to its average volume of 1,748,023. The company has a market cap of $250.73 million, a price-to-earnings ratio of 12.25 and a beta of 1.08. Express has a 12 month low of $3.69 and a 12 month high of $11.69.

About Express

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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