logo
  Join        Login             Stock Quote

Express (EXPR) Shares Surge After Q3 Results, Guidance

 November 28, 2012 07:50 AM


(By Balachander) Express Inc. (NYSE: EXPR) shares soared 17.40 percent in premarket trading on Wednesday after the apparel retailer posted better-than-expected quarterly earnings and its guidance topped consensus.

For the three months ended Oct. 27, EPS fell to 20 cents from 37 cents, topping consensus estimate of 17 cents.

Net sales fell 4 percent to $468.5 million, while Wall Street projected a drop of 3.7 percent. Columbus-Ohio-based Express said comparable sales dropped 5 percent.

[Related -Express, Inc. (EXPR) Q2 Earnings Preview: Out of Style]

Gross margin contracted to 32.3 percent from 36.2 percent for the third quarter.

For the fourth quarter, Express sees EPS of $0.62 to $0.68 on comparable sales to decrease low single digits, while analysts expect 57 cents. 

For the full year, the company now expects EPS in the range of $1.47 to $1.53, versus consensus estimate of $1.40. The company earlier projected 2012 EPS in the range of $1.69 to $1.70. Comparable sales is currently expected to decrease low single digits versus low single digits growth projected earlier.

EXPR shares ended Tuesday's regular trading at $12.99. Over the past year, shares have been trading between $10.47 and $26.27.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageBuy These Solar Stocks Before They Snapback

Sometimes the market hands you a gift. And it would be foolish not to take it. Thanks to general market read on...

article imageInvestors Are Even More Euphoric And Confident.

As noted on the blog last Thursday, even though the market had been down for three straight weeks, last read on...

article imageThe Butterfly Machine

There’s a phenomenon called the Butterfly Effect. One common quotation is “It has been said that something read on...

article imageWhy Gold Is Undervalued

Gold has been in a bear market for three years. Technical analysts are asking themselves whether they read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.