Stocks to Watch After Black Friday 2013 – Express (EXPR)
Express (EXPR) will be the first of these smaller retailers to post last quarter’s results. Remember: Black Friday 2013 won’t show up until Q4 numbers, while all three stocks to watch are slated to release Q3 numbers. Express in particular will be one of the top stocks to watch on Wednesday, Dec. 4, as it releases Q3 numbers that morning.
The current expectation is for a profit of 25 cents per share of EXPR stock on sales of $499.7 million, vs. year-ago comparables of 20 cents and $468.5 million. That’s a projected 25% improvement in Express earnings and a 6.6% increase in revenue, extending a pretty reliable three-year growth streak.
For what it’s worth, Goldman Sachs currently rates EXPR stock as a buy, BMO considers the company attractive heading into its earnings report, and Mizuho recently initiated analytical coverage on Express, deeming it a buy.