Gates Industrial Corporation PLC expected to post earnings of 26  cents a share - Earnings Preview

Gates Industrial

02/05/2023 19:33

* Gates Industrial Corporation PLC  GTES.N   GTES.K  is
expected
to show a rise in quarterly revenue when it reports  results on
May 4. 
    * The Denver Colorado-based  company is expected to report 
a
1.0% increase in revenue to $902.318 million from $893.4 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. The company's guidance on February 9
2023, for the period ended March 31, was for revenue between
$880.00 million and $910.00 million.
    * ​Refinitiv's mean analyst estimate for Gates Industrial
Corporation PLC is for earnings of 26 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Gates
Industrial
Corporation PLC is $15​, above​ its last closing price
of $13.50. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.23        0.23       0.25      Beat    7.6
 Sep. 30 2022  0.30        0.31       0.31      Met     -0.5
 Jun. 30 2022  0.26        0.27       0.32      Beat    20.6​
 Mar. 31 2022  0.21        0.22       0.26      Beat    18.2
 ​​Dec.        0.20        0.21       0.31      Beat    47.4
 31 2021                                                
 Sep. 30 2021  0.31        0.31       0.31      Met     -1.5​
 Jun. 30 2021  0.37        0.37       0.42      Beat    14.4
 Mar. 31 2021  0.32        0.31       0.33      Beat    5.9
 This summary was machine generated May 2 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated