Gap Inc (NYSE: GPS) has reported earnings for its second fiscal quarter (ending July 31) of $0.55 versus $0.32 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $2.06 compared to $0.29 a year ago.
Recent Price Action
Gap Inc (NYSE: GPS) stock closed at $22.80 on 8/29/24 after an increase of 1.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 255% of normal. The stock has declined -7.1% during the last week but has been 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Gap has a poor Appreciation Score of 23 but a very high Power Rating of 87, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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