Value Gap Is Closing For New York Community Bank
NYCB's price still sits at a deep discount to its balance sheet, and due diligence by new management of its loans has raised confidence. The turnaround story focuses on reducing noninterest expenses and growing C&I assets, aiming for $30-35 billion in the next 3-5 years. Rate cuts should modestly increase the equity on the balance sheet, and will improve conditions for distressed borrowers broadly.
Gold (XAU) Price Forecast: Rising Gap from 50-Day Average Signals Correction Risk
As gold soars to $2,639, the widening gap from the 50-day moving average signals a potential pullback. Discover what's next for gold prices in our full analysis.
iPhone 16 Pro Demand Lags, Longer Wait Times Globally, China Shows Smaller Gap: Analyst
JPMorgan analyst Samik Chatterjee reiterated an Overweight rating on Apple Inc AAPL with a price target of $265.
Here's Why Gap (GAP) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
The Gap: Rated Buy As I Expect Growth And Margins To Normalize
I give a buy rating for GAP, expecting sustained growth momentum and expanding earnings margins, driving valuation multiples higher. GAP's strong 2Q24 performance, driven by 3% comparable sales growth and solid execution, suggests potential for low-single-digit growth in the coming years. Management's prudent 3Q24 guidance may be conservative; potential upside exists if credit card revenue and Athleta's recovery exceed expectations.
The Gap, Inc.: A Resilient Company Showing Fruits Of Turnaround Efforts
Gap, Inc. is poised for growth with new leadership and strategic changes, building on cost initiatives from 2022-2023 to drive sales and earnings growth. Key hires, including CEO Richard Dickson, are revitalizing brands, with a focus on brand image, cultural relevance, and cost/inventory efficiency, and are boosting sales and profit growth. My base case implies $1.91 NTM EPS and $2.24 FY25 EPS, with a conservative 13.5x P/E, implying price targets of $25.80 and $30.24, respectively.
Gap's Brand Turnaround in Motion as Lululemon Hits New Highs in Global Sales
As the retail sector faces a complex mix of opportunities and challenges, Gap and Lululemon are charting distinct courses in their recent earnings reports. While Gap focuses on revitalizing its core brands during ongoing operational hurdles, Lululemon is capitalizing on international growth and stellar performance in athleisure.
Gap Q2 Earnings Beat Estimates, FY24 Margins View Raised
GAP's second-quarter fiscal 2024 results gain due to strength in brands and other strategic efforts.
Gap raises forecasts after a bumper quarter
Gap Inc (NYSE:GPS) exceeded sales expectations in the second quarter and upgraded forecasts, signalling that changes implemented by new CEO Richard Dickson hitting the mark. For the quarter ending August 3, net sales increased by 5% year-over-year to $3.7 billion, with comparable sales across its brands, including Old Navy and Athleta, rising by 3%.
The Gap, Inc. (GAP) Q2 2024 Earnings Conference Call Transcript
The Gap, Inc. (NYSE:GAP ) Q2 2024 Earnings Conference Call August 29, 2024 5:00 PM ET Company Participants Whitney Notaro - Director, IR Richard Dickson - CEO Katrina O'Connell - CFO Conference Call Participants Robert Drbul - Guggenheim Alex Straton - Morgan Stanley Matthew Boss - JPMorgan Ike Boruchow - Wells Fargo Lorraine Hutchinson - Bank of America Adrienne Yih - Barclays Mark Altschwager - Baird Jonna Kim - TD Cowen Dana Telsey - Telsey Advisory Group Operator Good afternoon, ladies and gentlemen, I would like to welcome everyone to the Gap Inc. Second Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.
Gap Posts Strong Quarterly Results With Early Release Leading to Trading Halt
Gap (GAP) posted better-than-expected results for the second quarter and boosted its guidance on higher sales at its Gap and Old Navy stores.
Gap (GAP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Gap (GAP) give insight into how the company performed in the quarter ended July 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
