Gap Q1 Adj EPS $0.01 Beats $(0.16) Estimate, Sales $3.28B Miss $3.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
Gap reported Q1 adjusted earnings of $0.01 per share, beating analyst estimates of $(0.16) by 106.25%. However, quarterly sales of $3.28 billion missed estimates of $3.29 billion by 0.43%, a 5.78% decrease YoY.
May 25, 2023 | 8:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Gap's Q1 adjusted EPS beat estimates by 106.25%, but sales missed estimates by 0.43% and decreased 5.78% YoY.
Gap's Q1 earnings beat estimates, which is positive for the stock. However, the missed sales estimates and YoY decrease may offset the positive impact, resulting in a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100