Express (NYSE:EXPR) Issues Q3 2019 Earnings Guidance

Express (NYSE:EXPR) updated its third quarter 2019 earnings guidance on Wednesday. The company provided EPS guidance of $-0.1–0.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03.

A number of analysts have commented on the stock. ValuEngine raised shares of Express from a sell rating to a hold rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Express from a buy rating to a hold rating in a research report on Monday, August 12th. B. Riley set a $4.00 price target on shares of Express and gave the stock a hold rating in a research report on Tuesday, August 20th. Finally, Wedbush dropped their price target on shares of Express from $4.00 to $2.00 and set a neutral rating for the company in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, Express currently has a consensus rating of Hold and a consensus price target of $4.00.

Shares of EXPR traded down $0.06 during mid-day trading on Thursday, reaching $2.20. The stock had a trading volume of 49,277 shares, compared to its average volume of 1,107,849. The firm has a market cap of $135.87 million, a price-to-earnings ratio of 6.86 and a beta of 0.93. Express has a 12 month low of $1.83 and a 12 month high of $11.69. The business has a fifty day moving average of $2.23 and a 200 day moving average of $3.44. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.39 and a current ratio of 0.97.

Express (NYSE:EXPR) last posted its quarterly earnings results on Wednesday, August 28th. The company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.02. The business had revenue of $472.70 million during the quarter, compared to analyst estimates of $458.67 million. Express had a negative net margin of 0.04% and a positive return on equity of 2.20%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. On average, research analysts forecast that Express will post -0.12 EPS for the current fiscal year.

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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