• Gap Inc GAP.N reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 37 cents per share. Wall Street expected results to range from 30 cents to 41 cents per share.

• Revenue fell 3.5% to $4.15 billion from a year ago; analysts expected $4.07 billion.

• Gap Inc's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $206 million.

• Gap Inc shares had fallen by 16.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the apparel & accessories retailers peer group is also "buy"

Wall Street's median 12-month price target for Gap Inc is $28.00

This summary was machine generated from LSEG data March 7 at 01:28 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)