Gap Inc reports results for the quarter ended April 30 - Earnings Summary

• Gap Inc GAP.N reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 41 cents to 53 cents per share.

• Revenue rose 2.2% to $3.46 billion from a year ago; analysts expected $3.42 billion.

• Gap Inc's reported EPS for the quarter was 51 cents​.

• The company reported quarterly net income of $193 million.

• Gap Inc shares had risen by 37.0% this quarter and gained 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories retailers peer group is "hold."

• Wall Street's median 12-month price target for Gap Inc is $27.50

This summary was machine generated from LSEG data May 29 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)