Gates Industrial Corporation PLC expected to post earnings of 32 cents a share - Earnings Preview

Gates Industrial

29/04/2024 15:33

* Gates Industrial Corporation PLC  GTES.N   GTES.K  is
expected
to show a fall in quarterly revenue when it reports  results on
May 1 for the period ending March 31 2024
    * The Denver Colorado-based  company is expected to report a
3.1% decrease in revenue to $870.272 million from $897.7 million
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.The company's guidance on February 8 2024,
for the period ended March 31, was for revenue between $840.00
million and $880.00 million.
    * ​LSEG's mean analyst estimate for Gates Industrial
Corporation
PLC is for earnings of 32 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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 $19.50​, above​ its last closing price
of $17.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.28        0.28       0.39      Beat    37.8
 Sep. 30 2023  0.31        0.31       0.35      Beat    13.1
 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.        0.23        0.23       0.25      Beat    7.6
 31 2022                                                
 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
 This summary was machine generated April 29 at 14:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)