Gap (GPS - Free Report) reported $4.3 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 1.3%. EPS of $0.49 for the same period compares to -$0.75 a year ago.
The reported revenue represents a surprise of +2.03% over the Zacks Consensus Estimate of $4.21 billion. With the consensus EPS estimate being $0.20, the EPS surprise was +145.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Gap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Store Sales - Old Navy - YoY change: 2% versus the five-analyst average estimate of 2.2%.
- Comparable store sales - YoY change: 0% compared to the -1% average estimate based on five analysts.
- Comparable store sales - Banana Republic - YoY change: -4% versus -3.6% estimated by five analysts on average.
- Comparable Store Sales - Gap - YoY change: 4% compared to the 0.3% average estimate based on five analysts.
- Number of Store Locations - Gap - Total: 606 versus 609 estimated by four analysts on average.
- Number of Store Locations - Banana Republic - Total: 443 versus 445 estimated by four analysts on average.
- Number of Store Locations - Old Navy North America: 1,243 versus the four-analyst average estimate of 1,240.
- Number of Store Locations - Company-operated stores: 2,562 compared to the 2,565 average estimate based on four analysts.
- Square Footage - Banana Republic North America: 3.3 Msq ft versus 3.37 Msq ft estimated by three analysts on average.
- Net Sales- Gap Global- Total: $1.01 billion compared to the $1 billion average estimate based on four analysts. The reported number represents a change of -5.1% year over year.
- Net Sales- Banana Republic Global- Total: $567 million versus the four-analyst average estimate of $566.36 million. The reported number represents a year-over-year change of -1.9%.
- Net Sales- Old Navy Global- Total: $2.29 billion versus $2.27 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
View all Key Company Metrics for Gap here>>>Shares of Gap have returned -4.1% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Gap (GPS - Free Report) reported $4.3 billion in revenue for the quarter ended January 2024, representing a year-over-year increase of 1.3%. EPS of $0.49 for the same period compares to -$0.75 a year ago.
The reported revenue represents a surprise of +2.03% over the Zacks Consensus Estimate of $4.21 billion. With the consensus EPS estimate being $0.20, the EPS surprise was +145.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Gap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Store Sales - Old Navy - YoY change: 2% versus the five-analyst average estimate of 2.2%.
- Comparable store sales - YoY change: 0% compared to the -1% average estimate based on five analysts.
- Comparable store sales - Banana Republic - YoY change: -4% versus -3.6% estimated by five analysts on average.
- Comparable Store Sales - Gap - YoY change: 4% compared to the 0.3% average estimate based on five analysts.
- Number of Store Locations - Gap - Total: 606 versus 609 estimated by four analysts on average.
- Number of Store Locations - Banana Republic - Total: 443 versus 445 estimated by four analysts on average.
- Number of Store Locations - Old Navy North America: 1,243 versus the four-analyst average estimate of 1,240.
- Number of Store Locations - Company-operated stores: 2,562 compared to the 2,565 average estimate based on four analysts.
- Square Footage - Banana Republic North America: 3.3 Msq ft versus 3.37 Msq ft estimated by three analysts on average.
- Net Sales- Gap Global- Total: $1.01 billion compared to the $1 billion average estimate based on four analysts. The reported number represents a change of -5.1% year over year.
- Net Sales- Banana Republic Global- Total: $567 million versus the four-analyst average estimate of $566.36 million. The reported number represents a year-over-year change of -1.9%.
- Net Sales- Old Navy Global- Total: $2.29 billion versus $2.27 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.6% change.
View all Key Company Metrics for Gap here>>>Shares of Gap have returned -4.1% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on GPS - FREE