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

Gates Industrial

04/11/2022 14:19

* Gates Industrial Corporation PLC  GTES.N  reported
quarterly
adjusted earnings of 31 cents​​ per share for the quarter ended
in September. The mean expectation of twelve analysts for the
quarter was for earnings of 31 cents per share.
    * Revenue fell 0.2% to $860.70 million from a year ago;
analysts
expected $889.36 million. 
    * Gates Industrial Corporation PLC's reported EPS for the
quarter
was 18 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.8%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Gates Industrial Corporation PLC shares had risen by 12.1%
this
quarter and lost 31.2% so far this year.
    * The company reported quarterly net income of $51.9
million.
    * Wall Street's median 12-month price target for Gates
Industrial
Corporation PLC is $13.00 
    * 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." 

This summary was machine generated from Refinitiv data November
4 at 02:19 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.31           0.31           Met
 Jun. 30 2022      0.27           0.32           Beat
 Mar. 31 2022      0.22           0.26           Beat
 Dec. 31 2021      0.21           0.31           Beat