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Express Earnings Preview For Aug, 2013

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Express, Inc. (EXPR)

Background: Express, Inc. is a specialty retailer of women's and men's apparel in the United States. The Company operates retail outlets in high-traffic shopping malls, lifestyle centers and street locations across the United States. It also sells its products through its e-commerce website, express.com. Express targets women and men between 20 and 30 years of age. The Company offers its customers an edited assortment of apparel and accessories to address fashion needs across multiple aspects of their lifestyles, including work, casual and going-out occasions. Express, Inc. is headquartered in Columbus, Ohio.

Investors are looking forward to improving second-quarter earnings before the market opens on August 28, 2013 The consensus opinion is presently 20 cents a share, a progression of 2 cents (10%) from 18 cents during the corresponding period last year. Estimates from analysts range from a low of 19 cents per share, up to the highest estimate of 21 cents per share.

The majority of analysts believe Express continues to offer a buying opportunity. 10 of the 13 analysts covering the company give a buy recommendation. Some (3) are taking a more cautious approach, and rate it a hold. As of the last update I have, none of the analysts are recommending selling.

5 out of 13 analysts now rate Express a strong buy up from 4 analysts a month ago. Analysts overall have called this one correctly. In the last 12 months, the shares have accelerated higher. The one year return is 30%. The average analyst current target price for Express is $25.00.

The short interest is slightly elevated, albeit, not yet enough to make me want to worry about it. As long as it stays under 4%, I won't give it much thought. Short interest is 3.3%, and if it starts to trend higher I recommend monitoring for a possible exit.

 

 

(EXPR)

(GPS)

(GES)

(URBN)

Strong Buy

5

8

1

8

Moderate Buy

5

5

1

8

Hold

3

16

9

15

Avg Analyst Price Target

$25.00

$47.52

$31.71

$47.31

Revenue

$2.23 billion

$16.37 billion

$2.59 billion

$3.15 billion

Est Low EPS

0.19

0.59

0.32

0.42

Est High EPS

0.21

0.65

0.38

0.52

1 Year Stock Price Change

22.01%

20.58%

-9.49%

7.95%

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Stock Tickers: EXPR GPS GES URBN Author Disclosure: n/a
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