The Gap, Inc. (NYSE:GPS) is set to announce third quarter earning results on Tuesday 24th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, GPS to report 3Q20 income of $ 0.31 per share.
For the full year, analysts anticipate top line of $ 13721.50 million, while looking forward to loss of $ 2.01 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.80 ~ $ 1.92 per share
Click Here For More Historical Outlooks Of The Gap, Inc.
Previous Quarter Performance
The Gap, Inc. communicated loss for the second quarter of $ 0.01 per share, from the revenue of $ 3,275.00 million. The quarterly revenues reduced 18.23 percent compared with the same quarter last year. Street analysts expected The Gap, Inc. to report loss of $ 0.40 per share on revenue of $ 2908.09 million for the second quarter. The bottom line results beat street analysts by $ 0.39 or 97.50 percent, at the same time, top line results outshined analysts by $ 366.91 million or 12.62 percent.
Stock Performance
Shares of The Gap, Inc. traded up $ 1.69 or 6.93 percent on Monday, reaching $ 26.06 with volume of 12.80 million shares. The Gap, Inc. has traded high as $ 26.54 and has cracked $ 25.65 on the downward trend
According to the previous trading day, closing price of $ 26.06, representing a 363.31 % increase from the 52 week low of $ 5.26 and a 8.18 % decrease over the 52 week high of $ 26.54.
The company has a market capital of $ 9.74 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Bank of America at Neutral rating, with $ 21.00 target price.
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 17.00 target price.
- On 7th October 2020, upgraded by Barclays to Overweight from Underweight rating, with $ 20.00 target price.
Conference Call
The Gap, Inc. will be hosting a conference call at 5:00 PM eastern time on 24th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-855-500-0477 Toll Free, (United States) or 1-323-794-2078 Outside U.S., with passcode : 9501186 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.gapinc.com
The Gap, Inc. operates as an apparel retail company worldwide. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, and Hill City brands.
