Gates Industrial First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]
Gates Industrial Corporation plc Ordinary Shares (GTES)
Last gates industrial corporation plc ordinary shares earnings: 2/4 04:10 pm
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US:NYSE Investor Relations:
gates.com/about-us/investor-relations
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Source: Yahoo! Finance
Net income: US$40.1m (up 50% from 1Q 2023). Profit margin: 4.6% (up from 3.0% in 1Q 2023). The increase in margin was driven by lower expenses. EPS: US$0.15 (up from US$0.094 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Gates Industrial EPS Misses Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%. Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Performance of the American Machinery industry. The company's shares are down 5.7% from a week ago. Risk Analysis Before we wrap up, we've discovered 1 warning sign for Gates Industrial that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is ge
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GTES
News
- GATES ANNOUNCES PRICING OF SECONDARY OFFERING OF 17,500,000 ORDINARY SHARESPR Newswire
- GATES ANNOUNCES SECONDARY OFFERING OF 17,500,000 ORDINARY SHARESPR Newswire
- Non-Automotive Rubber Transmission Belts Market Size is Projected to Reach USD 7,502.6 million at a of 3.9% CAGR from 2024 to 2032- Report by Polaris Market Research (PMR) [Yahoo! Finance]Yahoo! Finance
- Gates Industrial Corporation plc Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- Gates Industrial Corp PLC (NYSE: GTES) had its price target raised by analysts at Robert W. Baird from $25.00 to $26.00. They now have an "outperform" rating on the stock.MarketBeat
GTES
Earnings
- 5/1/24 - Beat
GTES
Sec Filings
- 5/17/24 - Form 424B5
- 5/15/24 - Form 424B5
- 5/1/24 - Form IRANNOTICE
- GTES's page on the SEC website