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What Analysts Think of Gap Stock Ahead of Earnings
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Main points
- Gap will report third-quarter earnings after the market close on Thursday.
- Most analysts tracked by Visible Alpha have a buy rating on the stock.
- Last quarter, the retailer beat expectations and raised guidance based on growth in sales at Gap and Old Navy stores. Analysts expect modest revenue growth and declining earnings per share.
gap(gap) will report third-quarter earnings after the close on Thursday, and analysts are mostly bullish on the apparel retailer.
Of the eight brokers surveyed by Visible Alpha, five have a buy or equivalent rating on the company’s stock, while two have a hold rating and one has a sell rating. The consensus price target is $27, a premium of more than 25% to Monday’s closing price.
In the second quarter, the company exceeded expectations because higher sales and improved its guidelines.
Analysts expect revenue to rise 1% year over year in the current quarter to $3.81 billion earnings per share It fell slightly to 55 cents from 58 cents.
Gap shares fell less than 1% on Monday and are up about 5% this year.
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