Gates Industrial: Improving Profitability Outlook Finally Driving The Stock Forward [Seeking Alpha]
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
Company Research
Source: Seeking Alpha
The company's Q4 earnings report showed a significant improvement in gross margin, adjusted EBITDA, and free cash flow trends. The positive momentum is expected to continue into fiscal 2024, with promising signs from enterprise initiatives and strong earnings growth potential. Intro After originally turning bullish on Gates Industrial Corporation plc ( NYSE: GTES ) in May of 2023, we reverted to a ' Hold ' rating in early November just before the announcement of the company's third-quarter earnings. We turned bullish approximately 10 months ago due to underlying strength in both the 'Power Transmission' segment as well as improving fundamentals in the 'Fluid Power' area. Furthermore, margin gains and an improving balance sheet were also noteworthy trends in our eyes given the adverse ramifications of the cybersecurity incident in February of 2023. Gates Industrial stock however failed to gain traction (20%+ contraction over the 6 months between May 2023 & November 2023) post
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GTES
News
- With 69% ownership, Gates Industrial Corporation plc (NYSE:GTES) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Does Gates Industrial Corp. PLC (GTES) Have an Opportunity to Re-rate? [Yahoo! Finance]Yahoo! Finance
- Gates Industrial Corp PLC (NYSE: GTES) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $16.00 to $18.00. They now have a "neutral" rating on the stock.MarketBeat
- Gates Industrial Announces First-Quarter 2024 Earnings Release Date [Yahoo! Finance]Yahoo! Finance
- Gates Industrial Announces First-Quarter 2024 Earnings Release DatePR Newswire
GTES
Earnings
- 2/8/24 - Beat
GTES
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- GTES's page on the SEC website