Financials Earnings Whisper:, inc. (CRM), Gap Inc (GPS)

Earnings Whisper:, inc. (CRM), Gap Inc (GPS)

Published By News Desk at May 18, 2017 11:26 am Smart Stock New presents March-quarter predictions for salesforce and Gap Inc before their financial announcements after today’s closing bell and Gap are expected to soon post financial results for the first quarter of the fiscal year 2018 (1QFY18) and 1QFY17, respectively. The analysts anticipate both companies to report on Thursday, May 18’s closing bell. Despite mixed results in the past, analysts predict both and Gap to meet their bottom line expectations while they forecast to exceed their top line predictions.

According to our research, the analysts have provided with consensus earnings per share (EPS) forecast of 26 cents. Interestingly, the estimate is same as’s forecast and also meets, inc. (NYSE:CRM) EPS outlook of 25-26 cents at the higher end. Moreover, the analysts have factored in about 13% growth in cloud computing company’s EPS, both year-over-year (YoY) and quarter-over-quarter (QoQ).

Furthermore, looks forward to revenue of $2.34-2.35 billion. In this regard, Wall Street analysts expect CRM to meet higher end of its guidance. In contrast, not only expects the $62.24 billion business to exceed CRM’s revenue outlook with its forecast of $2.36 billion but also anticipates the company to observe 24.2% YoY and 2.61% QoQ growth on the top line.

Gap Inc

Both Wall Street analysts and anticipate Gap Inc (NYSE:GPS) QFY17 EPS to clock in at 29 cents. However, the estimate mentioned above is likely to shrink the clothing retailer’s bottom line by 9.38% YoY. If it meets the Street on the bottom line, GPS would also observe more than 40% QoQ decline in its earnings.

Our research further shows that consensus predicts Gap to report $3.408 billion revenues for the season. While revenue estimate remains slightly higher than’s forecast of $3.406 billion, it falls 22.55% below GPS’s previous quarter net sales of $4.4 billion. The $9.23 billion company announced $3.4 billion sales for the same period of last year.