Earnings Alert: Pre-Market Analysis on Hot Topic, Express, Men's Wearhouse, and American Apparel
LONDON, March 13, 2013 /PRNewswire/ --
The rally in U.S. equity market that has seen the Dow Jones hit record high levels stumbled during Tuesday's trading session as investors took a pause to assess whether multi-year high valuations are justified. However, the Dow Jones still managed to post modest gains yesterday, making it the eighth consecutive high finish for the benchmark index. The index also closed at yet another record high. It will be interesting to see whether the Dow Jones can extend its rally today. Meanwhile, investors will be also focusing on some important earnings releases in the apparels sector. Among the companies scheduled to release quarterly results Hot Topic Inc. (NASDAQ: HOTT), Express Inc. (NYSE: EXPR), and The Men's Wearhouse Inc. (NYSE: MW) is set to do so. Earlier this month American Apparel Inc. (AMEX: APP) reported its quarterly readings. StockCall has posted free technical research on HOTT, EXPR, MW, and APP which can be downloaded upon sign up at
Web-based specialty retailer Hot Topic Inc. will release its fourth quarter financial results after the market close today. Last month, the company had reported that its comparable sales in the fourth quarter ended February 2, 2013 rose 2.6%. The company's net sales for the quarter rose 11% to $233 million. On Tuesday, the company's shares ended flat as investors remained on the sidelines ahead of the release of its full quarterly results. The stock closed at $13.84, with volume up from daily average of 1.77 million to 2.42 million. Hot Topic's shares are currently trading close to their 52-week high of $13.95. Year-to-date, the stock has gained more than 43%. Sign up and read the complimentary report on HOTT at
Columbus, Ohio-based specialty apparel and accessory retailer Express Inc. is also scheduled to release its quarterly results. The company will post its fourth quarter results before market open today. In January this year, Express Inc. had raised its outlook for the fourth quarter following a better-than-expected holiday season. The company now expects comparable sales to be flat to up 1%. Net income for the quarter is expected to be between $61 million and $63 million. The apparel store's shares ended 0.26% lower at $18.85 on Tuesday. Year-to-date, the stock has gained nearly 25%, outperforming the broad market. The free report on EXPR can be downloaded by signing up now at
The Men's Wearhouse Inc. is scheduled to release its fourth quarter 2012 financial results before market open on Thursday. The company expects to report earnings of $0.01 per share to ($0.05) per share for the fourth quarter. On Tuesday, the company's shares fell. The stock closed 0.92% lower at $29.17 on volume of 492,418. Despite the pullback yesterday, the stock has gained more than 1% in the last three trading sessions. Free report on MW can be accessed by registering at
Los Angeles-based American Apparel Inc. reported its financial results for the fourth quarter ended December 31, 2012 earlier this month. The company reported a 10% increase in its net sales for the fourth quarter. Gross profit for the quarter rose 11% to $93.1 million in the fourth quarter. The company's shares ended sharply lower on Tuesday. The stock closed 2.30% lower at $1.70 on volume of 300,345 yesterday. Register with StockCall and download the research on APP for free at
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