Gates Industrial Corporation PLC reports results for the quarter ended March 31 - Earnings Summary

Gates Industrial

30/04/2025 14:32

Gates Industrial Corporation PLC GTES.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 31 cents.  The mean expectation of eleven analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 30 cents to 35 cents per share.

Revenue fell 1.7% to $847.60 million from a year ago; analysts expected $822.88 million.

Gates Industrial Corporation PLC's reported EPS for the quarter was 24 cents​.

The company reported quarterly net income of $62 million.

Gates Industrial Corporation PLC shares had fallen by 2.3% this quarter and lost 12.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 9.9% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Gates Industrial Corporation PLC is $22.00

This summary was machine generated from LSEG data April 30 at 01:32 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.33
0.36
Beat
Dec. 31 2024
0.33
0.36
Beat
Sep. 30 2024
0.31
0.33
Beat
Jun. 30 2024
0.36
0.36
Met