Gap (GPS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended January 2023, Gap (GPS) reported revenue of $4.24 billion, down 6.2% over the same period last year. EPS came in at -$0.75, compared to -$0.02 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.33 billion, representing a surprise of -1.95%. The company delivered an EPS surprise of -27.12%, with the consensus EPS estimate being -$0.59.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Gap performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable store sales-YoY change: -5% compared to the -3.13% average estimate based on five analysts.
Comparable store sales-Gap Global -YoY change: -4% versus the five-analyst average estimate of -5.01%.
Comparable store sales-Banana Republic-YoY change: -3% versus the four-analyst average estimate of 0.14%.
Number of stores-Old Navy-Total: 1238 versus 1258 estimated by three analysts on average.
Number of stores-Company-operated stores: 2685 compared to the 2723.33 average estimate based on three analysts.
Comparable store sales-Old Navy-YoY change: -7% versus -3.72% estimated by three analysts on average.
Number of stores-Banana Republic-Total: 465 versus 470.67 estimated by three analysts on average.
Number of stores-Gap-Total: 725 versus the three-analyst average estimate of 749.33.
Net sales-GapGlobal: $1.06 billion compared to the $1.06 billion average estimate based on four analysts. The reported number represents a change of -8.9% year over year.
Net sales-Banana Republic: $578 million versus $602.86 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.
Net sales-Old Navy: $2.17 billion versus $2.21 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
View all Key Company Metrics for Gap here>>>
Shares of Gap have returned -12.1% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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The Gap, Inc. (GPS) : Free Stock Analysis Report
