Gap, Inc. (GPS) Misses Q3 EPS by 24c, Cuts FY EPS Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Even Yeezy Can't Help: JPMorgan Downgrades GAP (GPS) Shares to Neutral on Poor Q3 Results and Guidance Miss, Stock Down 20%
November 24, 2021 6:03 AM ESTShares of Gap (NYSE: GPS) are down nearly 20% in pre-open Wednesday after the company delivered disappointing Q3 results and guidance.
Gap reported Q3 EPS of $0.27 a big miss compared to the analyst estimate of $0.51. Revenue for the quarter came in at $3.94 billion, again significantly lower than the consensus estimate of $4.47 billion.
Gap is calling for EPS of $1.25 to $1.40, versus the consensus of $2.20.
While we entered the third quarter with growing momentum, acute supply... More
JPMorgan Downgrades Gap, Inc. (GPS) to Neutral
November 24, 2021 5:45 AM ESTJPMorgan analyst Matthew Boss downgraded Gap, Inc. (NYSE: GPS) from Overweight to Neutral with a price target of $22.00 (from $39.00).
The analyst comments "We rate GPS Neutral. We see potential for Old Navy to continue to grow market share across numerous categories (denim,... More
