Gap Q2 Earnings Preview: Earnings Estimates, What Analysts Are Saying And Key Items To Watch
Portfolio Pulse from Chris Katje
Gap Inc (NYSE:GPS) is set to report its Q2 financial results on August 24, 2023. Analysts expect the company to report revenue of $3.57 billion and earnings per share of 9 cents. The company has missed revenue estimates in the last two quarters but has beaten or matched earnings per share estimates in four of the last six quarters. Analysts' opinions on Gap's performance are mixed, with some highlighting the company's robust inventory control and potential for strong gross margins. Investors will be watching the performance of Gap's individual brands, inventory and cost controls, and the impact of inflation on consumer spending patterns. Gap's new CEO, Richard Dickson, formerly of Mattel Inc (NASDAQ:MAT), will also be under scrutiny.
August 23, 2023 | 9:15 pm
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NEUTRAL IMPACT
Gap Inc is expected to report Q2 earnings with mixed analyst expectations. The company's new CEO, Richard Dickson, will be under scrutiny.
The mixed analyst expectations and the recent appointment of a new CEO could lead to uncertainty in the short term, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Mattel Inc's former President and COO, Richard Dickson, is now the CEO of Gap Inc.
The news is relevant to Mattel Inc as it pertains to a former executive. However, it's unlikely to have a significant impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50