As per Zacks Investment Research, Wall Street brokerages have forecasted Gap Inc’s sales will be worth $3.61 billion for the current quarter. Nine analysts have issued estimates for GAP’s earnings, with lowest sales estimate being $3.45 billion while the highest estimate being $3.75 billion. The company reported sales of $3.44 billion in the same quarter last year, suggesting a positive year over year growth rate of 4.9 per cent.
Zacks, analysts expects GAP to report full-year sales of $16.30 billion for the current fiscal year, with estimates ranging from $15.93 billion to $16.77 billion. For the next fiscal year, analysts expect the firm to report sales of $16.67 billion per share, with estimates ranging from $15.93 billion to $17.37 billion.