NEW YORK (TheStreet) -- The Gap Inc. (GPS) is scheduled to report its 2014 third quarter earnings results after the market close this afternoon. Analysts are expecting the clothing and accessories retailer to post a year-over-year increase in earnings per share.
For the latest quarter analysts' have forecast for earnings of 79 cents per share. This compares to the earnings of 72 cents per share The Gap reported for the 2013 third quarter.
Earlier this month, Gap reported its third quarter sales results, which were $3.97 billion for the most recent quarter. Analysts polled by Thomson Reuters expected $4.05 billion in revenue for the quarter.
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Shares of The Gap are higher by 1.32% to $40.06 in mid-morning trading on Thursday.
Separately, TheStreet Ratings team rates GAP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GAP INC (GPS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."