Goldman Sachs Raises Numbers on Express (EXPR) After Q4, Keeps Neutral Rating

March 8, 2012 7:47 AM EST
Get Alerts EXPR Hot Sheet
Price: $10.69 -2.55%

Rating Summary:
    8 Buy, 10 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
Trade EXPR Now!
Join SI Premium – FREE
Goldman Sachs raised estimates and its price target on Express Inc. (NYSE: EXPR) from $21 to $25 but kept its Neutral rating following Q4 EPS of $0.70 (ex-items), which beat the firm's estimates of $0.67 and the consensus of $0.68. The firm also sees Q1 and FY12 EPS in-line with the consensus.

"EXPR's 4Q results were striking in comparison with sector peers as their go to market strategy continues to enhance the underlying profitability of their business," the analyst said. Comps were not great, but remained stable, they also noted.

Goldman raised 2012/13E EPS to $1.93/$2.08 from $1.85/$2.05. They also introduce 2014E EPS of $2.24.

For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.

Shares of Express Inc. closed at $25.43 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Goldman Sachs

Add Your Comment