Express (EXPR) Issues Q1 2019 Earnings Guidance

Express (NYSE:EXPR) updated its first quarter 2019 earnings guidance on Wednesday. The company provided EPS guidance of $-0.34–0.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.04. Express also updated its Q1 guidance to ($0.34)-($0.27) EPS.

EXPR has been the subject of a number of research reports. ValuEngine upgraded Express from a sell rating to a hold rating in a research report on Friday. Zacks Investment Research upgraded Express from a sell rating to a hold rating in a research report on Wednesday, January 23rd. Finally, Wedbush lowered their price objective on Express from $6.00 to $5.00 and set a neutral rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of Hold and an average price target of $6.75.

Shares of EXPR stock opened at $4.49 on Friday. The stock has a market capitalization of $345.38 million, a P/E ratio of 12.47 and a beta of 1.12. Express has a 12 month low of $4.28 and a 12 month high of $11.69.

Express (NYSE:EXPR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The firm had revenue of $628.40 million during the quarter, compared to analyst estimates of $629.63 million. Express had a return on equity of 5.94% and a net margin of 1.84%. The company’s revenue was down 10.2% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Analysts anticipate that Express will post 0.3 EPS for the current year.

In other Express news, major shareholder Contrarius Investment Manageme sold 240,425 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $5.36, for a total transaction of $1,288,678.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by company insiders.

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About Express

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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