Express (NYSE:EXPR) Updates Q4 Earnings Guidance

Express (NYSE:EXPR) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.17-0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.19. Express also updated its Q4 2019
Pre-Market guidance to 0.17-0.19 EPS.

Several analysts have issued reports on the company. B. Riley reissued a hold rating and set a $4.00 price target on shares of Express in a report on Friday, December 6th. ValuEngine upgraded Express from a buy rating to a strong-buy rating in a research report on Thursday, December 5th. Finally, Zacks Investment Research raised Express from a hold rating to a strong-buy rating and set a $7.00 target price on the stock in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. Express currently has a consensus rating of Buy and an average price target of $4.20.

Shares of EXPR opened at $4.96 on Wednesday. Express has a 1-year low of $1.83 and a 1-year high of $6.24. The stock has a market cap of $292.70 million, a PE ratio of -13.76 and a beta of 1.13. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.39. The firm has a fifty day moving average price of $4.90 and a 200 day moving average price of $3.36.

Express (NYSE:EXPR) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. The firm had revenue of $488.50 million during the quarter, compared to analysts’ expectations of $483.25 million. Express had a negative net margin of 1.17% and a negative return on equity of 1.38%. Express’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. As a group, equities analysts expect that Express will post -0.12 EPS for the current fiscal year.

Express Company Profile

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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