Express Sees FY23 Revenue Of $1.840B - $1.865B Vs. $1.92B Est; EPS Of $(46.00) - $(50.00) Vs. $(33.70) Est.
Portfolio Pulse from Benzinga Newsdesk
Express Inc. forecasts its FY23 revenue to be between $1.840B and $1.865B, which is below the estimated $1.92B. The company also projects a loss per share (EPS) of $(46.00) to $(50.00), which is more significant than the estimated loss of $(33.70).
November 30, 2023 | 11:54 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Express Inc. anticipates lower-than-expected FY23 revenue and a greater EPS loss than analysts estimated, indicating potential financial challenges ahead.
The projected revenue and EPS figures from Express Inc. are significantly below analysts' expectations, which typically leads to negative investor sentiment and could result in a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100