We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gap (GPS) Misses Q1 Earnings Estimates, Comps Up 1%
Read MoreHide Full Article
Gap (GPS - Free Report) just released its first-quarter financial results, posting adjusted earnings of $0.42 per share and revenues of $3.78 billion.
Gap is currently a Zacks Rank #4 (Sell), which is subject to change based on today’s results. Shares of Gap are up 44% over the last year and have climbed 6.9% in the last four weeks. The company’s stock also popped 3.10% on Thursday to hit $32.97 per share prior to the release of its quarterly earnings results.
Gap stock is currently down 7.59% to $30.45 per share in after-hours trading shortly after its earnings report was released.
GPS:
Missed earnings estimates. The company posted adjusted earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 per share.
Beat revenue estimates. The company saw revenue figures of $3.78 billion, topping our consensus estimate of $3.61 billion.
Gap saw its quarterly revenues climb by roughly 6% from $3.44 billion in the year-ago period. Meanwhile, the company’s comparable store sales climbed just 1%. Diving deeper, Old Navy Global comps popped 3%, while Gap brand same-store sales sank 4%.
Looking ahead, Gap affirmed its full-year earnings guidance to come in between $2.55 and $2.70 per share. The company also continues to expect comp sales to come in flat to up slightly.
Here’s a graph that looks at GPS’ Price, Consensus and EPS Surprise history:
Check back later for our full analysis on GPS’ earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Gap (GPS) Misses Q1 Earnings Estimates, Comps Up 1%
Gap (GPS - Free Report) just released its first-quarter financial results, posting adjusted earnings of $0.42 per share and revenues of $3.78 billion.
Gap is currently a Zacks Rank #4 (Sell), which is subject to change based on today’s results. Shares of Gap are up 44% over the last year and have climbed 6.9% in the last four weeks. The company’s stock also popped 3.10% on Thursday to hit $32.97 per share prior to the release of its quarterly earnings results.
Gap stock is currently down 7.59% to $30.45 per share in after-hours trading shortly after its earnings report was released.
GPS:
Missed earnings estimates. The company posted adjusted earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 per share.
Beat revenue estimates. The company saw revenue figures of $3.78 billion, topping our consensus estimate of $3.61 billion.
Gap saw its quarterly revenues climb by roughly 6% from $3.44 billion in the year-ago period. Meanwhile, the company’s comparable store sales climbed just 1%. Diving deeper, Old Navy Global comps popped 3%, while Gap brand same-store sales sank 4%.
Looking ahead, Gap affirmed its full-year earnings guidance to come in between $2.55 and $2.70 per share. The company also continues to expect comp sales to come in flat to up slightly.
Here’s a graph that looks at GPS’ Price, Consensus and EPS Surprise history:
The Gap, Inc. Price, Consensus and EPS Surprise
The Gap, Inc. Price, Consensus and EPS Surprise | The Gap, Inc. Quote
Check back later for our full analysis on GPS’ earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>