On Thursday, March 12, Gap GPS will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Gap earnings will be near 41 cents per share on sales of $4.55 billion, according to analysts.
Analysts estimate would represent a 43.06% decrease in the company's earnings. Revenue would be down 1.58% from the year-ago period. Gap's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 0.510 | 0.530 | 0.320 | 0.69 |
| EPS Actual | 0.530 | 0.630 | 0.240 | 0.72 |
Stock Performance
Over the last 52-week period, shares are down 52.06%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Gap stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Gap is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/yfo5j5r8
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
