Gap (GPS) Shares Surge 8% on Q4 Beat and Solid Outlook
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Gap, Inc. (GPS) PT Lowered to $16 at BMO Capital
March 4, 2022 7:27 AM ESTBMO Capital analyst Simeon Siegel lowered the price target on Gap, Inc. (NYSE: GPS) to $16.00 (from $19.00) while maintaining a Market Perform rating following results.
The analyst commented, "This evening, GPS posted a top- and bottom-line beat as better revenues and lighter... More
Gap says earnings set for strong 2022 as social events return
March 3, 2022 4:27 PM ESTBy Praveen Paramasivam
(Reuters) - Gap Inc on Thursday forecast 2022 earnings above estimates, betting on strong demand for its Old Navy and Athleta clothing brands as Americans return to offices and social events thanks to declining Omicron cases.
Shares of the apparel retailer jumped 7.2% to $15.67 in extended trading, as it also posted a smaller-than-expected loss for the fourth quarter.
Many apparel chains have struggled to keep up with... More
Gap, Inc. (GPS) Tops Q4 EPS by 10c
March 3, 2022 4:16 PM ESTGap, Inc. (NYSE: GPS) reported Q4 EPS of ($0.02), $0.10 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.51 billion.
GUIDANCE:
Gap, Inc. sees FY2022 EPS of $1.85-$2.05, versus the consensus of... More
