Express Inc reports results for the quarter ended in October - Earnings Summary

Express

30/11/2023 14:32

* Express Inc  EXPR.N  reported a quarterly adjusted loss of
$7.09​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of
$-10.00.  The mean expectation of two analysts for the quarter
was for a loss of $7.18 per share. Wall Street expected
results to range from $-7.25 to $-7.11 per share.
    * Revenue rose 4.6% to $454.06 million from a year ago;
analysts
expected $471.24 million. 
    * Express Inc's reported EPS for the quarter was a loss of
$9.83​.
    * The company reported a quarterly loss of $36.81 million.
    * Express Inc shares had risen by 8.7% this quarter and
lost 52.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 15.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Express Inc is
$30.00 
This summary was machine generated from LSEG data November 30 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      -7.18          -7.09          Beat
 Jul. 31 2023      -11.06         -9.05          Beat
 Apr. 30 2023      -15.70         -21.00         Missed
 Jan. 31 2023      -14.40         -12.60         Beat