The Gap, Inc. (NYSE:GPS) is reporting second quarter earnings results on Thursday 27th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.4 per share.
For the full year, analysts predict revenues of $ 13063.10 million, while looking forward to loss of $ 2.4 per share.
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. unwinded loss for the first quarter of $ 2.51 per share, from the revenue of $ 2,107.00 million. Street analysts expected The Gap, Inc. to report loss of $ 0.41 per share on revenue of $ 2568.37 million for the first quarter. The top line results fell short of analysts by $ 461.37 million or 17.96 percent.
Stock Performance
Shares of The Gap, Inc. traded low $ -0.08 or -0.47 percent on Wednesday, reaching $ 17.03 with volume of 11.26 million shares. The Gap, Inc. has traded high as $ 17.53 and has cracked $ 16.95 on the downward trend
The closing price of $ 17.03, representing a 225.29 % increase from the 52 week low of $ 5.26 and a 13.85 % decrease over the 52 week high of $ 19.86.
The company has a market capital of $ 6.36 billion and is part of the Consumer Cyclical sector and Apparel Stores industry.
Recent Analyst recommendations
- On 15th July 2020, upgraded by RBC Capital to Outperform from Sector Perform rating, with $ 18.00 target price.
- On 29th June 2020, maintained by Deutsche Bank at Hold rating, with $ 15.00 target price.
Conference Call
The Gap, Inc. will be hosting a conference call at 5:00 PM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-855-500-0477 U.S. or 1-323-794-2078 Toll Number, with passcode : 9329686 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/sczipemq
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.
