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What Analysts Think of Gap Stock Ahead of Earnings

Old Navy and Gap

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Key Takeaways

  • The 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 ea🐟rnings after the market closes on Thursday, and analysts are predominantly bullish on the clothes retailer. 

Of the eight brokers polled by Visible Alpha, five have a buy or equivalent rating for the company’s stock, compared to two hold ratings and one sell rating. The consensus price target is $27, which is a more than 25% premium to Monday's closing price.

During its second quarter, the company beat expectations due to 澳洲幸运5官方开奖结果体彩网:higher sales at its Gap and Old Navy stores and ﷽raised its guidance.

This quarter, analysts are calling for revenue to grow 1% year-over-year to $3.81 billion and 澳洲幸运5官方开奖结果体彩网:earnings per share to slide slightly to 55 cents from 58 cents.

Shares of Gౠap moved less than 1% l🦂ower Monday and are up about 5% this year.

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