Earnings Preview: Gap

The Gap, Inc. GPS is set to report earnings tonight after the bell, and Wall Street will be looking to hear whether the company has finally started to turn around its flagship stores, as well as Old Navy, Banana Republic, and its plans for women's sports apparel maker, Athleta. At last check, shares of Gap were off 9 cents to $22.99 on 3.8 million shares, which is about half of the average daily volume, 7.6 million shares. Wall Street analysts are looking for earnings of 39 cents per share on $3.26 billion in revenues. This is down from last year, when Gap reported earnings of 45 cents per share on $3.33 billion in revenues. This is a drop of 2.1% from last year. Guidance is expected for the next quarter is expected to come in at 36 cents per share on $3.37 billion in revenues. The Gap, Inc. operates as a specialty retailing company. The company offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, and Athleta brand names.