Gates Industrial Corporation PLC expected to post earnings of 31  cents a share - Earnings Preview

Gates Industrial

01/11/2023 18:35

* Gates Industrial Corporation PLC  GTES.N   GTES.K  is
expected
to show a rise in quarterly revenue when it reports  results on
November 3. 
    * The Denver Colorado-based  company is expected to report 
a
2.0% increase in revenue to $877.784 million from $860.7 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data. The company's guidance on August 4 2023, for
the period ended September 30, was for revenue between $860.00
million and $890.00 million.
    * ​Refinitiv's mean analyst estimate for Gates Industrial
Corporation PLC is for earnings of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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 $10.92. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.32        0.33       0.36      Beat    10.4
 Mar. 31 2023  0.26        0.26       0.25      Missed  -4.2
 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.        0.26        0.27       0.32      Beat    20.6
 30 2022                                                
 Mar. 31 2022  0.21        0.22       0.26      Beat    18.2​
 Dec. 31 2021  0.20        0.21       0.31      Beat    47.4
 Sep. 30 2021  0.31        0.31       0.31      Met     -1.5
 This summary was machine generated November 1 at 18:35 GMT.  All
figures in US dollars  unless otherwise stated