Light Traffic, Spending Shift Hamper Express (EXPR) in Q1; Stifel Affirms at 'Buy'
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Stifel Trims PT on Express (EXPR) to $18; Sees Stock as Oversold Amid Headwinds, Remain Positive on Sales Trends
May 25, 2016 2:09 PM EDTStifel trims its price target on Buy-rated Express (NYSE: EXPR) from $24 down to $18 following Q1 results reported ahead of the opening bell on Wednesday.
Analyst Richard Jaffe offered the following commentary on Express with today's price target cut: The stock has traded off significantly today. However, we... More
S&P 500 ascends 2 percent in two days
May 25, 2016 7:38 AM EDTBy Noel Randewich
(Reuters) - Wall Street rose robustly for a second straight session on Wednesday, helped by higher oil prices and investors becoming more comfortable with the prospect of an interest rate hike as early as next month.
Combining Tuesday and Wednesday's performances, the S&P 500 gained 2 percent, its strongest two-day run since early March.
The energy sector led the way in the latest session, up 1.51 percent as oil prices rose toward $50 a barrel. That followed a report of a larger-than-expected drop in U.S. crude inventories, adding to expectations that a steep... More
Express (EXPR) volatility elevated into shares trading lower on Q2 results and weak guidance
May 25, 2016 7:33 AM EDTExpress (NASDAQ: EXPR) is recently down $2.44 to $13.60 in the premarket after reporting less than expected Q2 results and lower FY16 guidance. June call option implied volatility is at 65, July is at 51; compared to its 52-week range of 28 to 74.
... MoreExpress (EXPR) Misses Q1 EPS by 2c; Guides Q2, FY16 EPS Below Views
May 25, 2016 6:46 AM EDTExpress (NYSE: EXPR) reported Q1 EPS of $0.25, $0.02 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $502.9 million versus the consensus estimate of $522.73 million.
Comparable sales (including e-commerce sales) decreased 3%.E-commerce sales... More