Express (EXPR) Updates Q2 Earnings Guidance

Express (NASDAQ: EXPR) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.17-0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.14, Stock Ratings Network.com reports. Express also updated its FY14 guidance to $1.48-1.58 EPS.

Express (NASDAQ: EXPR) opened at 18.79 on Thursday. Express has a 1-year low of $10.47 and a 1-year high of $19.69. The stock’s 50-day moving average is currently $18.38. The company has a market cap of $1.596 billion and a price-to-earnings ratio of 11.74.

Express (NASDAQ: EXPR) last announced its earnings results on Thursday, May 30th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.02. The company had revenue of $508.50 million for the quarter, compared to the consensus estimate of $498.21 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Express has set its Q2 guidance at $0.17-0.21 EPS and its FY14 guidance at $1.48-1.58 EPS. Analysts expect that Express will post $1.52 EPS for the current fiscal year.

A number of research firms have also recently commented on EXPR. Analysts at TheStreet upgraded shares of Express from a hold rating to a buy rating in a research note to investors on Wednesday, May 15th. On a related note, analysts at Knight Equity initiated coverage on shares of Express in a research note to investors on Thursday, May 2nd. They set a buy rating on the stock. Finally, analysts at Zacks downgraded shares of Express from an outperform rating to a neutral rating in a research note to investors on Monday, March 18th. They now have a $20.60 price target on the stock.

Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $19.51.

Express, Inc. (NASDAQ: EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.

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