Gap Inc. Reports Third Quarter Fiscal 2023 Results
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Go back to Gap Inc. Reports Third Quarter Fiscal 2023 Results
November 17, 2023 4:59 AM EST
Evercore ISI analyst Michael Binetti raised the price target on Gap, Inc. (NYSE: GPS) to $22.00 (from $17.00) while maintaining a Outperform rating.
The analyst comments "Reiterate GPS as Top Pick, Raise Target Price to $22 from $17. Our higher $22 target price is based on our muchhigher 25 EPS... More
November 16, 2023 4:16 PM EST
Gap, Inc. (NYSE: GPS) reported Q3 EPS of $0.59, $0.42 better than the analyst estimate of $0.17. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.6 billion.
Fiscal 2023 Outlook :
"Our third quarter results reflect ongoing progress, with gross margin expansion and operating margin improvement, resulting in strong free cash flow generation," said Katrina O'Connell, Executive Vice President and Chief Financial Officer, Gap Inc. "As we look to the remainder of the year, we are reaffirming our full year... More
