Gates Industrial Corporation PLC reports results for the quarter ended in March - Earnings Summary

Gates Industrial

04/05/2023 15:12

* Gates Industrial Corporation PLC  GTES.N  reported
quarterly
adjusted earnings of 25 cents​​ per share for the quarter ended
in March. The mean expectation of twelve analysts for the
quarter was for earnings of 26 cents per share.
    * Revenue rose 0.5% to $897.70 million from a year ago;
analysts
expected $902.32 million. 
    * Gates Industrial Corporation PLC's reported EPS for the
quarter
was 9 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Gates Industrial Corporation PLC shares had fallen by 2.2%
this
quarter and gained 19.0% so far this year.
    * The company reported quarterly net income of $26.4
million.
    * Wall Street's median 12-month price target for Gates
Industrial
Corporation PLC is $15.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
4 at 02:12 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.26           0.25           Missed
 Dec. 31 2022      0.23           0.25           Beat
 Sep. 30 2022      0.31           0.31           Met
 Jun. 30 2022      0.27           0.32           Beat