6 Companies That Destroyed Shareholders Last Week
When Express Inc. (NYSE: EXPR) reported its fiscal third-quarter financial results Thursday morning, the company said it had $0.15 in EPS and $506.1 million in revenue. The consensus estimates called for EPS of $0.13 and $497.08 million in revenue. The same period of last year reportedly had EPS of $0.31 and revenue of $546.62 million.
Comparable sales (including e-commerce sales) decreased 8%, compared to a 6% increase in the third quarter of 2015. In the same time, e-commerce sales increased 15% to $96.3 million.
For the fiscal fourth-quarter, the company expects EPS to be in the range of $0.26 to $0.30, with comparable sales in the negative to low digits. The consensus estimates are $0.55 in EPS and $719.62 million in revenue for the quarter.
Over the past week, Express shares retreated 21.5%. They were last trading at $10.79. The consensus price target is $12.85, and the 52-week range is $10.37 to $16.38.
Amicus Therapeutics Inc. (NASDAQ: FOLD) shares dropped on Tuesday after the company provided an update on its regulatory pathway for its Fabry Disease treatment. After the company had several collaborative discussions with the U.S. Food and Drug Administration (FDA), Amicus plans to collect additional data on gastrointestinal (GI) symptoms in Fabry patients who have an amenable mutation.
During its review of the briefing document submitted and in discussions with Amicus, the FDA acknowledged that significant unmet medical need exists in Fabry disease. The agency also indicated that kidney globotriaosylceramide (GL-3) is currently not considered a basis for an accelerated approval.
Over the previous week, shares were down 34.8%. The stock closed Friday at $5.80, with a consensus price target of $10.94 and a 52-week trading range of $4.98 to $10.64.
Smith & Wesson
Fiscal second-quarter financial results for Smith & Wesson Holding Corp. (NASDAQ: SWHC) were posted after the markets closed on Thursday. EPS were pegged at $0.68, on $233.5 million in revenue. Consensus estimates had called for $0.56 in EPS and $227.61 million in revenue. In the same period of last year, the gun maker reported $0.25 in EPS and revenue of $143.24 million.
The company expects EPS in the range of $0.52 to $0.57 and revenues in the range of $230 million to $240 million for the current quarter. The consensus estimates are $0.59 in EPS and $237.74 million in revenue.
Over the past week, the stock dropped by more than 11%. Shares were trading at $21.10 on Friday’s close, with a consensus price target of $28.44 and a 52-week range of $18.42 to $31.19.