Core Insights - The upcoming earnings report for Gap (GAP) is projected to show a quarterly earnings of $0.58 per share, reflecting a decline of 19.4% year-over-year, while revenues are expected to reach $3.91 billion, indicating a 2.2% increase compared to the previous year [1] Earnings Estimates - There has been a 1.7% upward revision in the consensus EPS estimate over the last 30 days, indicating analysts' reassessment of their initial forecasts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are strongly correlated with short-term stock price performance [3] Revenue and Sales Projections - Analysts forecast 'Net Sales- Gap Global- Total' at $930.22 million, a year-over-year increase of 3.5% [5] - 'Net Sales- Banana Republic Global- Total' is expected to reach $478.26 million, reflecting a 2% increase year-over-year [5] - 'Net Sales- Old Navy Global- Total' is projected at $2.21 billion, indicating a 3% year-over-year change [5] Store Locations and Comparable Sales - The estimated 'Number of Store Locations - Banana Republic - Total' is 410, down from 433 year-over-year [6] - The consensus for 'Number of Store Locations - Old Navy North America' is 1,241, compared to 1,255 last year [6] - Analysts expect 'Comparable Store Sales - Gap - YoY change' to be 4.3%, up from 3.0% year-over-year [7] Square Footage Estimates - The total 'Square Footage - Gap North America' is estimated at 5 million square feet, unchanged from the previous year [9] - 'Square Footage - Old Navy North America' is also projected to remain at 20 million square feet, consistent with last year's figure [9] Stock Performance - Over the past month, Gap shares have increased by 11.8%, outperforming the Zacks S&P 500 composite, which rose by 1.5% [10] - Currently, Gap holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [10]
Countdown to Gap (GAP) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS