Market Overview

Retail Earnings To Watch On Thursday: Gap And Ross Stores

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Shares of Gap Inc (NYSE: GPS) and Ross Stores, Inc. (NASDAQ: ROST) fell on Wednesday, ahead of the announcement of the companies’ quarterly financial results. Let’s take a look at what the Street, the crowd and management are expecting from the earnings calls.

Gap

For the second quarter, Gap’s management guided for an 8.5 year-over-year decline in earnings to $0.64 per share.

Related Link: Software Earnings Calls To Watch Thursday: Salesforce And Intuit

Last year, the company reported earnings of $0.70 per share on revenue of $3.981 billion. In the last quarter, earnings came it at $0.54 per share, and sales, at $3.657 billion.

The Street and the crowd are slightly more bullish, modeling consensus earnings of $0.65 per share, on sales of $3.928 billion and $3.916 billion, respectively.

Ross Stores

Ross Stores, on the other hand, is expected to deliver a year-over-year surge in earnings of at least 8.7 percent.

In the second quarter of 2014, the retailer reported earnings of $0.57 per share on revenue of $2.73 million. In the latest quarter, EPS reached $0.69, and revenue, $2.938 billion.

For the second quarter of 2015, to be reported on Thursday, the Street is modeling consensus earnings of $0.62 per share on revenue of $2.944 billion. The crowd, for its part, is anticipating EPS of $0.64 on revenue of $2.954 billion.

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