NYSE:GAPSpecialty Retail
Gap (GPS): Reassessing Valuation After Upgraded Full-Year Outlook and Q3 Earnings Momentum
Gap (GAP) just followed up its third quarter earnings with a bump to full year guidance, signaling that management thinks the recent sales momentum and improving income trends can carry into the coming quarters.
See our latest analysis for Gap.
The upbeat guidance drop comes after a strong run, with Gap posting an 18.9% 90 day share price return and a hefty 107.0% three year total shareholder return, suggesting investors see the turnaround gaining traction rather than fading.
If Gap’s rebound...