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Why Gap (GAP) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-11-25 15:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...
Nvidia stuns analysts with disappointing earnings while Gap and Target deliver unexpected results: what broker say
Proactiveinvestors NA· 2024-11-22 20:52
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Gap's ‘Brand Reinvigoration' Focus Turns to In-Store and Online Experiences
PYMNTS.com· 2024-11-22 19:46
Gap Inc. is refining both its digital and in-store channels as it works to reinvigorate its apparel brands. The parent company of Old Navy, Gap, Banana Republic and Athleta said this Thursday (Nov. 21) while reporting its third-quarter results. For the Old Navy brand, the company is delivering more clarity around pricing and a greater promotion of value through its in-store and online communications, Gap Inc. President and CEO Richard Dickson said Thursday (Nov. 21) during the company's quarterly earnings c ...
Gap Stock Jumps 16% on Solid Q3 Earnings & Raised FY24 View
ZACKS· 2024-11-22 18:11
The Gap, Inc. (GAP) reported third-quarter fiscal 2024 results, wherein the bottom and top lines surpassed the Zacks Consensus Estimate and grew year over year. GAP posted earnings of 72 cents per share, which surpassed the Zacks Consensus Estimate of 56 cents and surged 22% from the prior-year quarter’s adjusted figure.Quarterly results benefited from immense strength in brands and higher market share. The company gained market share for the seventh straight quarter. It has been smoothly progressing on the ...
The Gap: Brand Momentum Can Carry Shares Higher (Upgrade)
Seeking Alpha· 2024-11-22 17:43
Shares of The Gap, Inc. (NYSE: GAP ) jumped 8% on Friday after the company reported strong quarterly results ahead of the important holiday shopping season. Shares are now up 26% over the past year, though there has been significant volatilityOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me ...
Gap Stock Jumps as Old Navy Parent Boosts Outlook
Investopedia· 2024-11-22 13:15
KEY TAKEAWAYSShares of The Gap are surging in premarket trading Friday after the apparel retailer reported stronger-than-expected third-quarter results and boosted its full-year sales outlook.Gap CEO Richard Dickson said the holiday season is "off to a strong start."Gap shares are rising 15% in premarket trading. Shares of The Gap (GAP) are surging in premarket trading after the apparel retailer reported stronger-than-expected third-quarter results and boosted its full-year sales outlook. The company behind ...
Gap Stock Price Levels to Watch as Shares Surge 16% After Earnings Report
Investopedia· 2024-11-22 04:55
Key TakeawaysGap shares soared in extended trading Thursday after the apparel retailer reported stronger-than-expected third-quarter results and raised its sales outlook.The shares look set to stage a decisive breakout above a descending triangle following the company’s strong earnings report, potentially leading to a continuation of the stock's uptrend.Investors should track key overhead price levels on Gap's chart around $27, $36, and $52, while monitoring a crucial support area near $20. Gap (GAP) shares ...
Gap (GAP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-11-22 00:01
Gap (GAP) reported $3.83 billion in revenue for the quarter ended October 2024, representing a year-over-year increase of 1.7%. EPS of $0.72 for the same period compares to $0.59 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.8 billion, representing a surprise of +0.87%. The company delivered an EPS surprise of +28.57%, with the consensus EPS estimate being $0.56.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...
Gap (GAP) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-21 23:26
Gap (GAP) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this clothing chain would post earnings of $0.39 per share when it actually produced earnings of $0.54, delivering a surprise of 38.46%.Over the last four quarters, the company has su ...
Gap(GPS) - 2025 Q3 - Quarterly Results
2024-11-21 21:16
Exhibit 99.1 GAP INC. Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year Outlook Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO – November 21, 2024 – Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands inclu ...