Gap (GAP) reported $3.83 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 1.7%. EPS of $0.72 for the same period compares to $0.59 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.8 billion, representing a surprise of +0.87%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being $0.56.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Gap (GAP) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this clothing chain would post earnings of $0.39 per share when it actually produced earnings of $0.54, delivering a surprise of 38.46%.Over the last four quarters, the company has su ...

Exhibit 99.1 GAP INC. Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year Outlook Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO – November 21, 2024 – Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands inclu ...

People walk past an Old Navy store on Fulton Street on April 11, 2024 in Downtown Brooklyn in New York City.Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better than expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales to be up between 1.5% and 2%, compared to previous guidance of "up ...

Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last yearMarket share gains across all brands in the quarterRaises outlook for fiscal 2024 net sales, gross margin and operating income growthSAN FRANCISCO, Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its th ...

Key TakeawaysThe Gap is set to report third-quarter earnings after the closing bell on Thursday.A majority of analysts tracked by Visible Alpha have a buy rating for the company's stock.Last quarter, the retailer beat expectations and raised guidance based on higher sales at its Gap and Old Navy stores. Analysts are looking for modest revenue growth and a drop in EPS. The Gap (GAP) will report third-quarter earnings after the market closes on Thursday, and analysts are predominantly bullish on the clothes r ...

The Gap, Inc. (GAP) is expected to register top-line growth when it reports third-quarter fiscal 2024 results on Nov. 21, after the closing bell. For revenues, the Zacks Consensus Estimate is pegged at $3.80 billion, indicating a 0.9% rise from the year-ago quarter’s reported figure.The consensus estimate for the bottom line is pegged at 56 cents per share, indicating a 5.1% drop from the year-ago quarter’s reported figure. The consensus estimate for fiscal third-quarter earnings has moved down a penny in t ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

Wall Street analysts forecast that Gap (GAP) will report quarterly earnings of $0.56 per share in its upcoming release, pointing to a year-over-year decline of 5.1%. It is anticipated that revenues will amount to $3.8 billion, exhibiting an increase of 0.9% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initi ...

The market expects Gap (GAP) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 21, 2024, might help the stock move higher if these key numbers are better ...