Express Inc. (EXPR), a specialty retailer of women's and men's apparel could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EXPR’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Express could be a solid choice for investors.
Current Quarter Estimates for EXPR
In the past 30 days, 6 estimates has gone higher for Express while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 17 cents today, a move of 13%.
Current Year Estimates for EXPR
Meanwhile, Express’s current year figures are also looking quite promising, with 10 estimates moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from 80 cents a share 30 days ago to 90 cents per share today, an increase of 12.5%.
Bottom Line
The stock has also started to move higher lately, adding 12.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment