Gates Industrial (GTES) Company Overview

We have put together a list of 10 companies whose impressive earnings and new deals have boosted their prices. In this article, we will examine how Gates Industrial Corp. PLC (NYSE:GTES) compares to other stocks. On Thursday, Wall Street's main indices had mixed results, with the Dow Jones being the only one to decline, dropping by 0.28%.

Gates Industrial Corporation plc (NYSE:GTES) will hold its Q4 2024 Earnings Conference Call on February 6, 2025, at 11:00 AM ET. The call will feature company representatives, including Rich Kwas from Investor Relations and CEO Ivo Jurek, along with several financial analysts from various firms. Participants are currently in listen-only mode.

Gates Industrial (GTES) reported quarterly earnings of $0.36 per share, which is higher than the Zacks Consensus Estimate of $0.34 per share. This is a decrease compared to earnings of $0.39 per share from the same period last year.

DENVER, Feb. 6, 2025 /PRNewswire/ -- Financial Summary for the Fourth Quarter of 2024: Net sales for the fourth quarter reached $829.4 million, which is a decrease of 3.9% from the same period last year, with a core sales drop of 2.6%. The net income for shareholders was $36.6 million, translating to $0.14 per diluted share.

DENVER, Jan. 14, 2025 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) plans to release its fourth-quarter earnings before the market opens on Thursday, February 6, 2025. The management team will hold a webcast and conference call that day at 11:00 a.m.

We decided to invest more in Gates Industrial Corporation because of its increasing profits, better margins, and a positive technical trend, which led to a return of over 34%. However, even with a good sales mix and cost-saving measures, there are worries about whether the margin growth can continue in a tough sales climate. Additionally, the company's large stock buybacks make us question the future of its earnings growth and how well it uses its capital.

Gates Industrial (GTES) has received a Zacks Rank #2 (Buy), indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.

Is GTES' record high a chance to take advantage of or a moment to hold back? Find out the important factors influencing GTES stock's movement, even with possible challenges ahead.

DENVER, Nov. 4, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE: GTES), a worldwide producer of advanced power transmission and fluid power solutions, has announced that its management will take part in discussions at upcoming investor conferences. One of these events is the Baird Global Industrial Conference, scheduled for Wednesday, November 13, 2024, at 4:05 p.m. Central time.