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Gap Inc reports results for the quarter ended July 31 - Earnings Summary

Gap Inc GAP.N reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 54 cents.  The mean expectation of fourteen analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 53 cents to 57 cents per share.

Revenue rose 0.1% to $3.73 billion from a year ago; analysts expected $3.74 billion.

Gap Inc's reported EPS for the quarter was 57 cents​.

The company reported quarterly net income of $216 million.

Gap Inc shares had risen by 2.2% this quarter and lost 5.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is  "buy."

Wall Street's median 12-month price target for Gap Inc is $24.00, about 9.7% above its last closing price of $21.68

This summary was machine generated from LSEG data August 28 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jul. 31 20250.550.57Beat
Apr. 30 20250.450.51Beat
Jan. 31 20250.370.54Beat
Oct. 31 20240.580.72Beat

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