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

Gates Industrial

02/11/2022 18:34

* Gates Industrial Corporation PLC  GTES.N   GTES.K  is
expected
to show a rise in quarterly revenue when it reports  results on
November 4. 
    * The Denver Colorado-based  company is expected to report 
a
3.1% increase in revenue to $889.356 million from $862.4 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. 
    * ​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 6 "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 $13​, above​ its last closing price
of $11.39. ​​​

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 2022  0.26        0.27       0.32      Beat    20.6
 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
 ​​Jun.        0.37        0.37       0.42      Beat    14.4
 30 2021                                                
 Mar. 31 2021  0.32        0.31       0.33      Beat    5.9​
 Dec. 31 2020  0.19        0.19       0.20      Beat    7.3
 Sep. 30 2020  0.17        0.16       0.26      Beat    61.9
 This summary was machine generated November 2 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated