Gap Inc (NYSE: GPS) has reported earnings for its first fiscal quarter (ending April 30) of $0.42 versus a loss $-0.05 for the same period a year ago. E.P.S. were $1.83 for the latest four quarters through April 30 versus $-0.16 for the same period a year ago.
Recent Price Action
Gap Inc (NYSE: GPS) stock closed at $22.52 on 5/30/24 after a large increase of 4.0%. Moreover, exceptionally high trading volume at 325% of normal accompanied the advance. The stock has risen 4.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GPS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Gap has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Gap has a slightly negative Appreciation Score of 36 but a very high Power Rating of 100, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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