Gates Industrial Corp PLC (GTES, Financial) is set to release its Q3 2024 earnings on Oct 30, 2024. The consensus estimate for Q3 2024 revenue is $831.41 million, and the earnings are expected to come in at $0.21 per share. The full year 2024's revenue is expected to be $3.41 billion and the earnings are expected to be $0.95 per share. More detailed estimate data can be found on the Forecast page.
Gates Industrial Corp PLC (GTES, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Gates Industrial Corp PLC (GTES) for the full year 2024 have decreased from $3.51 billion to $3.41 billion, and for 2025, have decreased from $3.66 billion to $3.57 billion. Earnings estimates have remained steady at $0.95 per share for the full year 2024, while for 2025, they have decreased from $1.29 per share to $1.23 per share.
Gates Industrial Corp PLC (GTES, Financial) Reported History
In the previous quarter of June 30, 2024, Gates Industrial Corp PLC's (GTES) actual revenue was $885.5 million, which missed analysts' revenue expectations of $895.59 million by -1.13%. Gates Industrial Corp PLC's (GTES) actual earnings were $0.26 per share, which met analysts' earnings expectations. After releasing the results, Gates Industrial Corp PLC (GTES) was up by 4.85% in one day.
Gates Industrial Corp PLC (GTES, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 11 analysts, the average target price for Gates Industrial Corp PLC (GTES) is $20.50 with a high estimate of $25 and a low estimate of $16. The average target implies an upside of 10.57% from the current price of $18.54.
Based on GuruFocus estimates, the estimated GF Value for Gates Industrial Corp PLC (GTES, Financial) in one year is $14.37, suggesting a downside of -22.49% from the current price of $18.54.
Based on the consensus recommendation from 11 brokerage firms, Gates Industrial Corp PLC's (GTES, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
