Zacks: Analysts Anticipate Express, Inc. (EXPR) to Announce $0.10 EPS
Wall Street analysts expect Express, Inc. (NYSE:EXPR) to report $0.10 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Express’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Express reported earnings of $0.08 per share in the same quarter last year, which indicates a positive year over year growth rate of 25%. The business is scheduled to report its next quarterly earnings report on Thursday, November 29th.
On average, analysts expect that Express will report full-year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.49. For the next financial year, analysts expect that the business will post earnings of $0.52 per share, with EPS estimates ranging from $0.40 to $0.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Express.
Express (NYSE:EXPR) last released its earnings results on Wednesday, August 29th. The company reported $0.03 EPS for the quarter. Express had a return on equity of 5.64% and a net margin of 1.78%. The firm had revenue of $493.60 million during the quarter, compared to analysts’ expectations of $482.37 million. During the same period in the previous year, the firm posted $0.01 EPS. Express’s revenue for the quarter was up 2.6% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Express by 13.5% during the first quarter. Wells Fargo & Company MN now owns 132,292 shares of the company’s stock worth $947,000 after acquiring an additional 15,767 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Express during the first quarter worth $246,000. Swiss National Bank increased its position in shares of Express by 5.0% during the first quarter. Swiss National Bank now owns 137,300 shares of the company’s stock worth $983,000 after acquiring an additional 6,600 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Express by 12.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,410,371 shares of the company’s stock worth $10,099,000 after acquiring an additional 157,542 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of Express by 32.5% during the first quarter. Systematic Financial Management LP now owns 167,480 shares of the company’s stock worth $1,199,000 after acquiring an additional 41,105 shares in the last quarter.
Shares of NYSE:EXPR traded down $0.14 on Friday, hitting $11.04. 1,270,400 shares of the company’s stock were exchanged, compared to its average volume of 2,216,990. The stock has a market cap 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, 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.
Further Reading: Understanding Stock Ratings
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express and related companies with MarketBeat.com's FREE daily email newsletter.