|Bid||0.0000 x 1100|
|Ask||0.0000 x 4000|
|Day's Range||3.6000 - 3.9700|
|52 Week Range||3.6000 - 11.6900|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||28.23|
|Earnings Date||May 29, 2019 - Jun 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.88|
[Editor's note: This story was originally published in August 2018. It has since been updated and republished.]The stock market's volatility in recent months has not made me less bullish on the five cheap stocks profiled in this article. Among these stocks, market movements can cause some noise. But the investment thesis on cheap stocks is predicated on huge moves higher in the long-term. Thus, in the near-term, macro-driven movements amount to nothing more than a sideshow.From this perspective, now might be a good time to pile into some stocks under $5. These stocks are a high-risk bunch. But they do have high-reward potential, too.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 7 Best Bond Funds to Buy for a Shifting Interest Rates With that in mind, here is a list of five cheap stocks, which I think have big upside potential. Pier 1 (PIR)Source: Shutterstock PIR Stock Price: 75 centsFurniture retailer Pier 1 Imports (NYSE:PIR) has had a tough time getting its act together for several years. Peer Restoration Hardware (NYSE:RH) has seen its stock rise 30% over the past year thanks to a red-hot housing market and robust demand for home furnishings. PIR stock, however, has collapsed during that same stretch. These problems aren't new. Over the past five years, this stock has lost more than 90% of its value.Having said that, there is visibility for a turnaround in PIR stock in the near future.At its core, Pier 1 has been killed by rising e-commerce threats creating huge pricing and traffic headwinds. Pier 1, which stands somewhat square in the middle of price and quality, doesn't really have anything special about the business to protect against these headwinds. Consequently, sales and margins have dropped in a big way.But, the company has a three-year strategic plan to turn the business around. The plan includes bigger investments in omni-channel commerce capabilities and marketing.No one knows whether this plan will actually work. But home furnishings is a market with enduring demand, so that helps.Meanwhile, PIR stock is dirt cheap. This company used to have earnings power of $1 per share. Even half of that earnings power (50 cents) would be huge for a stock trading under $1. At 50 cents per share in earnings power, it wouldn't be unreasonable to see this stock hit $8 (a market-average 16x multiple). Groupon (GRPN)Source: Shutterstock GRPN Stock Price: $3.46Much like Pier 1, savings-king Groupon (NASDAQ:GRPN) feels like one of those companies that were loved yesterday but will be forgotten tomorrow. But I don't think that's true. I get that the savings and deals market is commoditized now. I also understand that Groupon really isn't a household name for coupons like it used to be.But I'm a numbers guy. And Groupon's numbers are pretty good. Its margins are improving thanks to management's focus on higher-margin businesses. Operating expenses are also being removed from the system, so the company's overall profitability profile is improving.Aside from the numbers, Groupon launched an aggressive advertising campaign last year with hyper-relevant Tiffany Haddish that scored just shy of 100 million views. I think this campaign will have a long-term positive effect on usage, which could drive the stock higher. * 7 SaaS Stocks to Buy for Long-Term Gains Put it all together, and it looks like GRPN stock could have a big-time rally in 2019. Zynga (ZNGA)Source: Shutterstock ZNGA Stock Price: $5.22Note: ZNGA stock rose over $5 since this article was originally published.I'm not a huge fan of the mobile gaming sector. It's a tough space plagued with competition and low margins. Plus, competition is only building thanks to social media apps becoming increasingly multi-purpose. But mobile gaming company Zynga (NASDAQ:ZNGA) seems to have found the key to success in the mobile gaming world.Zynga used to be a mega-popular browser game company with tons of users. But then the company overreached by branching into games that had heavy overlap with the traditional video game market, like sports titles. They couldn't compete in that market. Eventually, the over-extension sparked user churn, and ZNGA stock spiraled downward.That forced Zynga to re-invent itself into something much more relevant and defensible. They did just that. Zynga has transitioned its business model from web-focused to mobile-first while narrowing its gaming title focus. This pivot has streamlined operations, re-invigorated top-line growth, cut costs and improved profitability.Consequently, the numbers supporting Zynga are pretty good. In Q4, its revenue rose 7% year-over-year and its bookings jumped 19% YoY. Finally, its operating cash flow soared 241%.From where I sit, this pivot appears to be in its early stages. Mobile is a secular growth narrative, and ZNGA has developed a gaming portfolio that is focused and tailored to that growth narrative. Thus, so long as mobile engagement heads higher, Zynga's numbers should get better. Better numbers will inevitably lead to a higher stock price. Arotech (ARTX)Source: arotech.com ARTX Stock Price: $2.88There is no hiding the fact that the defense sector has been hot under President Donald Trump. Trump came into office, upped the ante on defense and military spending, and in response, the whole world is spending more on defense and military.Defense contractors win when this happens. That is why mega-cap defense contractors like Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA) have been on fire for the past several quarters. But one micro-cap defense contractor that has missed out on this rally is Arotech (NASDAQ:ARTX). Over the past several years, the financials at Arotech haven't gained any ground. Five years ago, its revenues were $103.5 million and its net income was $3.5 million. In 2017, its revenues were $98.7 million and its net income was $3.8 million.In other words, its profits haven't risen much in five years. When profits don't go up, the stock tends not to go up. It is a simple relationship. But its profits are stabilizing. When profits go from declining to stabilizing, they usually go to growth next. * 10 F-Rated Stocks to Sell in This Narrow Market And, when profits go up, stocks tend to go up. As such, it looks like Arotech is finally joining the tide when it comes to big boosts in defense and military spending. This tide will inevitably lift Arotech's earnings power substantially, and ARTX will rally as a result. Blink Charging (BLNK)Source: Shutterstock BLNK Stock Price: $2.86When it comes to cheap stocks, there are few as volatile as Blink Charging (NASDAQ:BLNK).Over the past two years, BLNK stock has gone from $10 to $3, and popped from $4.50 to $8 … it now sits at a paltry $3.04. This volatility won't give up any time soon. Thus, if you want to avoid volatility, I'd say avoid BLNK stock.That being said, if this company's secular growth narrative surrounding building a network of electric vehicle charging stations globally materializes within the next five years, this stock could be a 5-to-10 bagger.It is a big risk. But, eventually, global infrastructure will need to match demand. At that point in time, there will be some huge contracts awarded to electric vehicle charging station companies.Will Blink be one of them? Perhaps. Tough to tell. But if they do land some big contracts, this stock could have another huge pop in a short amount of time.As of this writing, Luke Lango was long FB, PIR, GRPN and ARTX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains * 5 Semiconductor Stocks That Are Scorching Hot Buys Compare Brokers The post 5 Stocks to Buy That Are $5 or Under appeared first on InvestorPlace.
Express, Inc. (NYSE:EXPR) files its latest 10-K with SEC for the fiscal year ended on January 31, 2019.
Shares of Express (NYSE:EXPR) dropped on Wednesday, March13, after the mall apparel retailer reported fourth quarter numbers which largely missed estimates, while delivering a first quarter guide which widely missed estimates. Broadly speaking, there wasn't much good in the fourth quarter earnings report. Investors immediately recognized that. Express stock dropped more than 15% in early Wednesday morning trade.Source: Mike Mozart via FlickrBut, Express stock has since rebounded. As of this writing, EXPR is down just 6% in Wednesday afternoon trade, and has rallied 10% since the open.The ostensible implication is that the post-earnings sell-off in Express was overdone. The stock got way too cheap for its own good, and quickly rebounded. But, will this rebound continue?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm not convinced. I love to buy the dips in fundamentally undervalued and technically oversold stocks. But, there is a significant and increasing lack of clarity when it comes to the long term Express growth narrative, and that lack of clarity is coupling with continued weak numbers to erode the long term bull thesis on Express stock.As such, it's tough to say with any certainty that Express stock is fundamentally undervalued here. * 7 Small-Cap Stocks That Make the Grade So long as that remains true, Express stock will have a tough time rebounding. That's not to say it won't rebound. It might. All you need is one good quarter to light a fire under this stock. But, waiting for that one good quarter is a big risk, and as a risk-adverse investor, I'm more comfortable sitting on the sidelines with this name. The Numbers Aren't GoodBroadly speaking, the numbers at Express just aren't good.Comparable sales growth is negative. Comps came in at down 6% in the quarter, versus the consensus estimate for a 3.3% drop. Worse yet, it's not like this negative comp is the result of a bad retail environment.Urban Outfitters (NASDAQ:URBN) reported a 3% comp in the overlapping period. American Eagle Outfitters (NYSE:AEO) recorded a 6% comp. Abercrombie & Fitch (NYSE:ANF) had a 3% comp quarter, while Tilly's (NYSE:TLYS) said holiday comps rose nearly 6%.In other words, negative comps at Express is an Express-specific problem. That's not good. It gives credence to the theory that, as the traditional retail world is shrinking and giving way to the ecommerce world, consumers are increasingly passing up on shopping at Express. Long term, if this continues, that creates a pathway for Express to the retail graveyard.In other bad news, ecommerce sales growth slowed sharply to 5% in the fourth quarter, down from what was a streak for 20%-plus and 30%-plus digital sales growth quarters. Merchandise margins fell back 150 basis points due to promotional activity. The SG&A rate keeps going up against falling sales.Occupancy costs are rising, too. Cash on the balance sheet in falling. Meanwhile, the first quarter guide calls for a 10% drop in comparable sales and for profits to swing from a narrow gain in the year ago quarter, to a wide loss this quarter.Overall, there wasn't much, if any, good in the Q4 earnings report. That's not to say that a turnaround isn't in the cards. But, it is to say that a turnaround looks increasingly unlikely, especially considering most other mall retailers are bouncing back, and Express is not. Long Term Value Is ElusiveBecause the numbers have been bad for so long and continue to be bad in an environment that is largely favorable for retailers (healthy economy, healthy consumer confidence, low unemployment, big wage gains, so on and so forth), the long term value behind EXPR stock is elusive.On one hand, this is a company which could miraculously leverage celebrity endorsements, real estate optimization, and reinvigorated ecommerce growth to drive a big turnaround in sales and margins. In that scenario, Express could realistically net $0.50 in EPS within the next several years, making today's $5 price tag seem rather anemic, especially considering about half the current market cap is covered by cash on the balance sheet.On the other hand, sales may not turnaround anytime soon. Margins may keep falling, and expense rates may keep rising. If so, EPS will likely be stuck in the $0.25 range for the foreseeable future, making today's $5 price tag actually seem steep, especially considering that the big cash balance is only going down (cash and equivalents have been chopped in half over the past several years).At this point in time, it's unclear which one of those scenarios will come true. If anything, the bear thesis has more merit than the bull thesis given the Q4 numbers. As such, Express stock isn't worth the risk here. Bottom Line on Express StockWith really beaten up retail stocks like Express, all you need is one good quarter to light a fire under the stock and spark a huge rally. But, investors have been waiting for that quarter from Express for a long time. Most signs indicate this wait won't be over anytime soon. That's why I'm more comfortable on the sidelines when it comes to EXPR.As of this writing, Luke Lango was long URBN and TLYS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Express Stock Could Have a Lot Further to Fall, so Don't Buy the Dip appeared first on InvestorPlace.
While small-cap stocks, such as Express, Inc. (NYSE:EXPR) with its market cap of US$308m, are popular for their explosive growth, investors should also be aware of their balance sheet toRead More...
Express, Inc. (NYSE: EXPR ) on Wednesday reported mixed fourth-quarter results and while management's first-quarter guidance came in short of expectations. The Analyst Wedbush's Jen Redding maintains a ...
Stocks that moved substantially or traded heavily on Wednesday: Rite Aid Corp., up 4 cents to 72 cents The drugstore chain purged its top management, including CEO John Stanley, and said it will cut 400 ...
Stocks ended higher Wednesday as Wall Street looks past uncertainty about Brexit and worries about Boeing after the United States became the latest country to ground the 737 Max 8.
Another robust trading session has the S&P 500 threatening to run higher, especially if the index can stay over this ~2,800 level. That said, there were some big movers in both directions today, so let's get a look at our top stock trades moving forward. Top Stock Trades for Tomorrow 1: Aurora CannabisShares of Aurora Cannabis (NYSE:ACB) were flying higher Wednesday, up almost 13% after it was announced that Nelson Peltz would be an advisor to the company. It thrust the stock over resistance near $8.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks Winning in 2019 and Beyond This mark had kept a lid on ACB over the last five months and as it gives way, there's a lot of potential upside. Don't forget, in October ACB was trading north of $10 while its 52-week high is $12.52.Below $8 and there's cause for concern among bulls. I would not be long this name below the 21-day moving average or uptrend support. Top Stock Trades for Tomorrow 2: RokuIn the opposite direction we have Roku (NASDAQ:ROKU). This stud is still up 100% so far on the year, but a pair of downgrades on Wednesday morning knocked it down by $10 a share. Sheesh!Clearly this doesn't change Roku's fundamental outlook, but the declines likely ushered in profit takers who have been long this stock for its post-earnings run. Now I need to see uptrend support hold and I want to see Roku stock close above the 21-day moving average.If that's the case, bulls may have a case to be long, but it wouldn't be bad for Roku stock to digest some of this big move. A test of this $58 area would allow ROKU to retrace about 50% of its day-one earnings rally. Also worth pointing out is that Roku stock, at its lows on Wednesday, sat at the 61.8% Fibonacci retracement from its post-earnings range. See if it holds Wednesday's low and reclaims the 21-day. Top Stock Trades for Tomorrow 3: Rite AidWhat have we always said here on InvestorPlace? Do. Not. Invest. In. Rite Aid (NYSE:RAD)!There's a reason why as this name is volatile and circling the drain. Long or short can get both investors hurt and that's why it's been a no-touch for me for a long time. Notice on the chart that the stock couldn't even get above $1 back in January.An eventual delisting is likely and even today, RAD couldn't hold its gains. I expect this one to take out 65 cents and if it does, it will likely go below its 52-week low at 60 cents. I'm not shorting, but I'm definitely not buying it. Top Stock Trades for Tomorrow 4: ExpressAnother struggler, investors had a warning in Express (NYSE:EXPR) before Wednesday's 10.5% post-earnings fall.Notice the purple arrows on the chart. Arrow No. 1 told investors that support near $5.08 was no longer in play. Arrow No. 2 showed that the retest of support failed, just before earnings. Even if it had barely reclaimed support, the pre-earnings breakdown was warning enough with a name like this.Now sub-$5 and I find little reason to stick with EXPR. Expect rallies to be met with sellers until the tide changes. Top Stock Trades for Tomorrow 5: PayPalAfter breaching $100, PayPal (NASDAQ:PYPL) stock is pulling back. It's clear that momentum is bullish in PYPL and that makes it a solid buy-the-dip candidate. * 15 Stocks Sitting on Huge Piles of Cash It's totally possible that we get more upside follow through above $100 on Thursday. Particularly given that shares are not yet overbought. However, I'll be looking for an eventual pullback into uptrend support and the 21-day moving average. If we get it, bulls have a great risk/reward setup.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 5 Top Stock Trades for Thursday: Aurora Cannabis, Roku, Rite Aid appeared first on InvestorPlace.
Express earnings for the fourth quarter of the year have EXPR stock falling on Wednesday.Source: Mike Mozart via FlickrThe bad news for EXPR stock has to do with Express' (NYSE:EXPR) revenue of $628.43 million for the fourth quarter of 2018. This is a drop from the company's revenue of $699.68 million from the same time last year. It also comes in below Wall Street's revenue estimate of $629.63 million for the quarter.Express earnings for the fourth quarter of 2018 also include earnings per share of 19 cents. This is down from the company's earnings per share of 37 cents from the fourth quarter of 2017. It also comes in above analysts' earnings per share estimate of 16 cents for the period, but wasn't able to keep EXPR stock from falling today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsExpress also includes its outlook for the first quarter of 2019 in its most recent earnings report. The company notes that it is expecting losses per share between 27 cents and 34 cents during the quarter. This is horrible news for EXPR stock as Wall Street is looking for losses per share of 4 cents for the company's first quarter of the year. * 15 Stocks Sitting on Huge Piles of Cash "Despite our fourth quarter results being in line with the guidance we provided on November 29, 2018, our overall performance in the period was disappointing," Matthew Moellering, interim CEO of Express, said in a statement. "While we expect our results to remain challenging in the near-term, we are focusing on three key areas including product, brand and product clarity, and customer acquisition and retention to reposition the business for future growth and improved profitability."EXPR stock was down 5% as of noon Wednesday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Express Earnings: EXPR Stock Sinks on Disappointing Q4 appeared first on InvestorPlace.
slid Wednesday after the company announced a fourth-quarter loss and said it continues the search for a new CEO. Express shares were down more than 9% to $4.58 in trading on the New York Stock Exchange after ending the trading day Tuesday at $5.04. The Columbus, Ohio-based company reported a fourth-quarter loss of $1.09 million, or 2 cents a share, compared to earnings of $27.4 million, or 35 cents a share, in the comparable year-earlier period.
Take a look at these estimates for retail sales growth from UBS analysts. Yes, physical stores play a different role in the digital era. But they still have relevance, remain destinations for many, and offer growth potential. Legacy retailers have only themselves to blame if they can’t keep this part of their business healthy. The apparel chain’s comparable sales sank 6 percent in the fourth quarter, contributing to a 1 percent decline on this measure for the full year.
Express (EXPR) delivered earnings and revenue surprises of 18.75% and -1.46%, respectively, for the quarter ended January 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Columbus, Ohio-based company said it had a loss of 2 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 19 cents per share. The results topped ...
Shares of Express Inc. plunged 8.9% toward a record low in premarket trade Wednesday, after the fashion apparel retailer beat fourth-quarter profit expectations but missed on net sales and provided first-quarter outlook that was worse than forecasts. The company swung to a net loss for the quarter to Feb. 2 of $1.1 million, or 2 cents a share, from a profit of $27.4 million, or 35 cents a share, in the year-ago period. Excluding non-recurring items, such as costs related to the CEO departure and Homage investment, adjusted EPS fell to 19 cents from 33 cents but was above the FactSet consensus of 15 cents. Net sales declined 10% to $628.4 million, missing the FactSet consensus of $629.6 million, as same-store sales declined 6% versus expectations of a 6.2% drop. For the first quarter, Express expects a loss per share of 27 cents to 34 cents, compared with the FactSet consensus for a per-share loss of 4 cents, and a same-store sales decline of 9% to 11% versus expectations of a 5% decline. The stock has tumbled 32% over the past 12 months, while the SPDR S&P Retail ETF has gained 0.1% and the S&P 500 has tacked on 1.0%.
COLUMBUS, Ohio-- -- Fourth quarter comparable sales decreased 6% Fourth quarter loss of $0.02 per share, or income of $0.19 on an adjusted basis excluding costs related to the CEO departure and non-cash impairment of an equity method investment E-commerce comparable sales increased 5% Achieved target of $12 million in cost savings in 2018 Strong balance sheet maintained with $172 million in cash and ...
On Wednesday, March 13, Express (NYSE: EXPR ) will release its latest earnings report. Check out Benzinga's report to understand the earnings report's implications. Earnings and Revenue Wall Street analysts ...
COLUMBUS, Ohio, March 4, 2019 /PRNewswire/ -- Express, Inc. (EXPR) today announced Express's Women Together campaign. Express has been celebrating women since 1980, and the Women Together campaign was an opportunity to uphold the retailer's long-term commitment to female empowerment. Women Together, which was executed by an all-female cast and crew, features a collection of women's empowerment tee shirts emblazoned with powerful, evocative words and mantras.