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Gap (GPS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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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.
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) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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.