Gap Q4 Earnings Preview

Gap Inc GPS was scheduled to report Q4 earnings after the market close on Thursday.

The Street expected revenue to come in at $4.71 billion with EPS of $0.74.

Analysts expected the outlook to include EPS of $0.63 on revenue of $3.87 billion for the first quarter.

For the current full year, analysts expected revenue of $16.89 billion with EPS of $3.01.

Sterne Agee recently issued a research note with the expectation that the full year outlook for EPS would range between $2.80 to $2.85. The firm also expected that tax rates and FX would be a drag on results, which was echoed by Mizuho.

Morgan Stanley expectations were also in line with consensus for Q4, however, Wedbush expressed concern that the outlook would be unfavorable.

Over the past three months, Gap shares were up less than 2 percent as of Wednesday.

Ahead of into its earnings report, Gap Inc closed at $40.29 on Wednesday, up 0.85 percent.