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Growth & Income

Gap Inc.

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By: Alex Kolb
October 26, 2009 | Comment(s): 0
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GPS
Gap Inc. (GPS - Analyst Report) continues to see bullish Zacks Consensus Estimates. The current full year forecast of $1.40 per share is up 5 cents over the past month.

For 2010, analysts polled by Zacks are calling for earnings of $1.53 per share, versus last month’s $1.48.

The company recently announced that it will return to television advertising in November and that it will continue to invest internationally, including: opening its first Gap store in China in 2010; expanding its Outlet store presence internationally; and launching online businesses in Canada and the United Kingdom in 2010.

“Old Navy’s performance this year has shown what we can deliver through consistent products, re-invigorated marketing, and an enhanced store environment,” said Glenn Murphy, chairman and CEO of Gap Inc. “With our improved economic model, we’re ready to step up our investments and strategies to regain market share and expand our international platform.”

Gap saw net sales of $1.33 billion in September, a 1% dip year-over-year. Comparable store sales also decreased by 1%.

Read the September 30 commentary.

Last Week's Growth and Income Zacks Rank Buy Stocks

Tupperware Brands Corporation (TUP - Snapshot Report) recently reported third-quarter earnings of 54 cents per share, topping the Zacks Consensus Estimate by 29% and surpassing the previous year’s 47 cents. Sales were up 9% in local currency. The company also declared a dividend of 25 cents, representing a 14% boost. Read the full story on TUP.

Ross Stores, Inc. (ROST - Snapshot Report) recently announced September sales of $629 million, a 12% increase year-over-year. Same store sales jumped 8%. The company also hiked its third-quarter earnings guidance to a range of 75 to 77 cents per share. Analysts polled by Zacks are in agreement, boosting forecasts from last month’s 63 cents to 77. Read the full story on ROST.

Guess? Inc. (GES - Analyst Report) is outpacing the market on record second-quarter results and higher Zacks Consensus Estimates. During the past 2 months, analysts polled by Zacks boosted full-year earnings forecasts from $1.92 to $2.17 per share. Read the full story on GES.

Avon Products Inc. (AVP - Analyst Report) is seeing bullish earnings estimates ahead of reporting next week. The full-year Zacks Consensus Estimate of $1.66 per share is up 5 cents over the past 90 days. For 2010, analysts polled by Zacks are projecting earnings of $2.11 per share, versus last month’s $2.08 and the 3 months-ago forecast of $1.95. Read the full story on AVP.

Read the full analyst report on GPS

 

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