Express, Inc. (NYSE:EXPR) Expected to Earn Q2 2024 Earnings of ($11.11) Per Share

Express, Inc. (NYSE:EXPR) – Analysts at Telsey Advisory Group increased their Q2 2024 EPS estimates for shares of Express in a research report issued on Thursday, August 31st. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of ($11.11) for the quarter, up from their previous forecast of ($11.20). The consensus estimate for Express’ current full-year earnings is ($1.59) per share. Telsey Advisory Group also issued estimates for Express’ Q3 2024 earnings at ($5.83) EPS, Q4 2024 earnings at $3.37 EPS, FY2024 earnings at ($33.45) EPS, Q1 2025 earnings at ($8.04) EPS, Q2 2025 earnings at ($3.58) EPS, Q3 2025 earnings at ($2.43) EPS, Q4 2025 earnings at $4.90 EPS and FY2025 earnings at ($9.15) EPS.

Separately, StockNews.com began coverage on shares of Express in a research report on Thursday, August 17th. They set a “sell” rating on the stock.

Express Trading Down 3.8 %

EXPR stock opened at $9.71 on Monday. The company has a market capitalization of $724.27 million, a PE ratio of 2.83 and a beta of 1.73. Express has a 12 month low of $9.00 and a 12 month high of $42.80. The firm’s 50-day moving average is $13.44 and its 200 day moving average is $15.17. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.94 and a quick ratio of 0.26.

Institutional Trading of Express

Institutional investors have recently bought and sold shares of the stock. Barclays PLC boosted its stake in Express by 88.7% in the 1st quarter. Barclays PLC now owns 32,547 shares of the company’s stock worth $25,000 after purchasing an additional 15,297 shares in the last quarter. Wells Fargo & Company MN raised its position in Express by 13,293.8% during the 4th quarter. Wells Fargo & Company MN now owns 25,850 shares of the company’s stock worth $26,000 after buying an additional 25,657 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Express during the 4th quarter worth approximately $27,000. Ergoteles LLC purchased a new position in Express during the 2nd quarter worth approximately $38,000. Finally, Millennium Management LLC purchased a new position in Express during the 4th quarter worth approximately $40,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

About Express

Express, Inc operates as a fashion retail company that offers apparel and accessories in the United States and Puerto Rico. The company sells its products under the UpWest and Express brands for men and women through its retail and factory outlet stores; express.com, an online store; and Express mobile app, as well as franchisees Express locations in Latin America.