(GPS) Gap Inc. – Bullish Estimates

October 26th, 2009

Gap Inc. (GPS) continues to see bullish Zacks Consensus Estimates. The current full year forecast of $1.40 per share is up 5 cents over the past month.

For 2010, analysts polled by Zacks are calling for earnings of $1.53 per share, versus last month’s $1.48.

The company recently announced that it will return to television advertising in November and that it will continue to invest internationally Incorporatedluding: opening its first Gap store in China in 2010; expanding its Outlet store presence internationally; and launching online businesses in Canada and the United Kingdom in 2010.

“Old Navy’s performance this year has shown what we can deliver through consistent products, re-invigorated marketing, and an enhanced store environment,” said Glenn Murphy, chairman and CEO of Gap Inc. “With our improved economic model, we’re ready to step up our investments and strategies to regain market share and expand our international platform.”

Gap saw net sales of $1.33 billion in September, a 1% dip year-over-year. Comparable store sales also decreased by 1%.

Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
The Gap boosts earnings guidance again (GPS) (AlphaNinja, 11/5/09)
Investor Sentiment: Looking Like Q4, 2010 (Comments for thetechnicaltake, 1/28/12)
Investor Sentiment: Liquidity Solves All (Comments for thetechnicaltake, 2/4/12)
Retail Sales Disappoint: Where is the Consumer? (Expected Returns, 8/20/09)
Read more on Gap, Chun Yuan Steel at Wikinvest

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