Express, Inc. Reports Second Quarter 2016 Results; Introduces Third Quarter Outlook and Revises Full Year 2016 Outlook

FBR Capital Cuts Price Target on Express (EXPR) Following 2Q EPS Miss

August 25, 2016 7:00 AM EDT

FBR Capital reiterated a Market Perform rating on Express Inc. (NYSE: EXPR), and cut the price target to $13.00 (from $18.00), following the company's 2Q earnings report. EXPR reported an EPS miss of $0.13, versus the consensus of $0.17.

Analyst Susan Anderson commented, "EXPR reported a 2Q16 EPS... More

UPDATE: UBS Downgrades Express Inc. (EXPR) to Sell

August 25, 2016 6:40 AM EDT

(Updated - August 25, 2016 8:23 AM EDT)

UBS downgraded Express Inc. (NYSE: EXPR) from Neutral to Sell with a price target of $10.00 (from $16.00). The change follows the release of Q2 results. Analyst Michael Binetti warned of downside risk in the second half of the... More

Stifel Cuts Price Target on Express (EXPR) to $15 Following 2Q EPS Miss

August 24, 2016 1:54 PM EDT

Stifel maintained a Buy rating on Express Inc. (NYSE: EXPR), and cut the price target to $15.00 (from $18.00), following the company's 2Q earnings report.

Analyst "Express reported 2Q EPS of $0.13, $0.04 below consensus and $0.02 below the low end of managements guidance. EPS decreased 48% vs.... More

Wedbush Downgrades Express Inc. (EXPR) to Neutral

August 24, 2016 1:52 PM EDT

Wedbush downgraded Express Inc. (NYSE: EXPR) from Outperform to Neutral.

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 $16.03 yesterday.

... More

CL King Downgrades Express Inc. (EXPR) to Neutral

August 24, 2016 1:52 PM EDT

CL King downgraded Express Inc. (NYSE: EXPR) from Buy to Neutral.

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 $16.03 yesterday.

... More

Deutsche Bank Downgrades Express Inc. (EXPR) to Hold

August 24, 2016 11:20 AM EDT

Deutsche Bank earlier downgraded Express Inc. (NYSE: EXPR) from Buy to Hold with a price target of $12.00 (from $19.00). The change follows the release of disappointing Q2 results.

Analyst Paul Trussell commented on the downgrade, saying, "EXPR diverged from the pack in 2Q as the company was unable to take... More

Stifel Notes Rough Qtr. for Express (EXPR) Leading to Cut Outlook; Affirms at 'Buy'

August 24, 2016 8:00 AM EDT

Stifel affirms Express (NYSE: EXPR) at Buy with a price target of $18 following Q2 results and trimmed outlook issued earlier Wednesday.

Analyst Richard Jaffe commented today:

3Q Assortments Improve But is it Enough to Drive Traffic and Sales? Management believes that the fall assortment is more cohesive across... More

Express (EXPR) Misses Q2 EPS by 4c: Comps Miss Estimates; Issues Light Q3, FY16 EPS Outlook

August 24, 2016 6:46 AM EDT

Express (NYSE: EXPR) reported Q2 EPS of $0.13, $0.04 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $504.8 million versus the consensus estimate of $520.95 million.

Comparable sales (including e-commerce sales) decreased 8%, compared to a 7% increase in the second... More