Express (EXPR) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
Express (NASDAQ: EXPR) released its earnings data on Wednesday. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.01. The company had revenue of $728.70 million for the quarter, compared to the consensus estimate of $722.38 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Express updated its Q1 guidance to $0.34-0.38 EPS and its FY14 guidance to $1.40-1.54 EPS.
A number of analysts have recently weighed in on EXPR shares. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Express in a research note to investors on Monday. They now have a $23.00 price target on the stock, up previously from $22.00. On a related note, analysts at Wedbush raised their price target on shares of Express to $22.00 in a research note to investors on Wednesday, February 20th. They now have an “outperform” rating on the stock.
Shares of Express (EXPR) opened at 18.85 on Wednesday. Express (EXPR) has a one year low of $10.47 and a one year high of $26.27. The stock’s 50-day moving average is currently $18.40. The company has a market cap of $1.621 billion and a P/E ratio of 12.22.
Express, Inc. ( Express) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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