These Analysts Increase Their Forecasts On Gap Following Better-Than-Expected Earnings
These Analysts Increase Their Forecasts On Gap Following Better-Than-Expected Earnings
Gap raised its full-year outlook for net sales, gross margin and operating income growth compared to prior expectations. The company now sees net sales up 1.5% to 2%, gross margin growth of 220 basis points and operating income margin of mid-to-high 60%.The Gap, Inc. (NYSE:GAP) reported better-than-expected earnings for its second quarter and raised its outlook for FY24 gross margin.
Gap Inc（纽交所:GAP）公布了第二季度超出预期的收益，并提高了对FY24毛利率的展望。
Gap reported quarterly earnings of 72 cents per share, which beat the analyst consensus estimate of 57 cents. Quarterly revenue came in at $3.82 billion, which beat the consensus estimate of $3.81 billion and is an increase over sales of $3.76 billion from the same period last year.
Gap公布的季度收益为每股72美分，超过了分析师一致预期的57美分。季度营业收入达到38.2亿美金，超出一致预期的38.1亿美金，且比去年同期的37.6亿美金有所增长。
"I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the fourth consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said Gap CEO Richard Dickson.
Gap Inc.的CEO Richard Dickson表示："我为Gap Inc.再次交出了成功的季度感到自豪，连续第四个季度增长净销售额，在所有品牌中获得市场份额，同时显著扩大了营业利润率。"
Gap raised its full-year outlook for net sales, gross margin and operating income growth compared to prior expectations. The company now sees net sales up 1.5% to 2%, gross margin growth of 220 basis points and operating income margin of mid-to-high 60%.
Gap提高了对净销售额、毛利率和营业收入增长的全年展望，相比之前的预期，公司现在预计净销售额增长1.5%到2%，毛利率提升220个基点，营业收入率在60%的中高位。
Gap shares gained 10.7% to trade at $24.41 on Friday.
Gap的股票在周五上涨了10.7%，交易价格为24.41美金。
These analysts made changes to their price targets on Gap following earnings announcement.
这些分析师在盈利公告后对Gap的目标价进行了调整。
- B of A Securities maintained Gap with a Neutral and raised the price target from $25 to $28.
- Morgan Stanley analyst Alex Straton maintained Gap with an Overweight and raised the price target from $29 to $30.
- Barclays analyst Adrienne Yih maintained the stock with an Overweight and raised the price target from $31 to $32.
- Wells Fargo analyst Ike Boruchow maintained Gap with an Overweight and raised the price target from $28 to $30.
- Evercore ISI Group analyst Michael Binetti maintained the stock with an Outperform and increased the price target from $32 to $33.
- JP Morgan analyst Matthew Boss maintained Gap with a Neutral and boosted the price target from $26 to $28.
- BMO Capital analyst Simeon Siegel maintained Gap with a Market Perform and raised the price target from $23 to $25.
- Considering buying GAP stock? Here's what analysts think:
- 美银证券对Gap持中立态度，并将目标价从25美金上调至28美金。
- 摩根士丹利分析师Alex Straton对Gap维持超配评级，并将目标价从29美金上调至30美金。
- 巴克莱银行的分析师Adrienne Yih维持该股票为超配，并将目标价格从31美元上调至32美元。
- 富国银行的分析师Ike Boruchow维持gap inc为超配，并将目标价格从28美元上调至30美元。
- evercore ISI Group的分析师Michael Binetti维持该股票为跑赢大盘，并将目标价格从32美元上调至33美元。
- 摩根大通的分析师Matthew Boss维持gap inc为中立，并将目标价格从26美元上调至28美元。
- BMO资本的分析师Simeon Siegel维持gap inc为市场表现，并将目标价格从23美元上调至25美元。
- 考虑购买GAP股票吗？以下是分析师的看法：
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