Confused? Buy or Sell in volatile market – Analyst report GAP Stock Forecast, Price & News (NYSE:GPS)

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Earnings results for GAP Stock Forecast, Price & News (NYSE:GPS)

Gap, Inc. (The) is expected* to report earnings on 08/27/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 11 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.36. The reported EPS for the same quarter last year was $0.63.

GAP last announced its quarterly earnings results on June 4th, 2020. The apparel retailer reported ($2.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by $1.84. The firm earned $2.11 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Its revenue for the quarter was down 43.1% compared to the same quarter last year. GAP has generated $1.97 earnings per share over the last year. GAP has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on GAP Stock Forecast, Price & News (NYSE:GPS)

19 Wall Street analysts have issued ratings and price targets for GAP in the last 12 months. Their average twelve-month price target is $13.39, predicting that the stock has a possible downside of 21.38%. The high price target for GPS is $24.00 and the low price target for GPS is $5.00. There are currently 4 sell ratings, 12 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

GAP has received a consensus rating of Hold. The company’s average rating score is 1.95, and is based on 3 buy ratings, 12 hold ratings, and 4 sell ratings. According to analysts’ consensus price target of $13.39, GAP has a forecasted downside of 21.4% from its current price of $17.03. GAP has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: GAP Stock Forecast, Price & News (NYSE:GPS)

GAP does not currently pay a dividend. GAP does not have a long track record of dividend growth.

Insiders buying/selling: GAP Stock Forecast, Price & News (NYSE:GPS)

In the past three months, GAP insiders have sold 517.46% more of their company’s stock than they have bought. Specifically, they have bought $70,620.00 in company stock and sold $436,053.00 in company stock. 45.30% of the stock of GAP is held by insiders. A high percentage of insider ownership can be a sign of company health. 60.77% of the stock of GAP is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of GAP Stock Forecast, Price & News (NYSE:GPS

Earnings for GAP are expected to grow in the coming year, from ($2.41) to $1.04 per share. The P/E ratio of GAP is -7.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of GAP is -7.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. GAP has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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