GTES Stock - Gates Industrial Corporation plc
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.41B | $3.57B | $3.55B | $3.47B | $2.79B |
| Gross Profit | $1.36B | $1.36B | $1.25B | $1.34B | $1.03B |
| Gross Margin | 39.9% | 38.1% | 35.2% | 38.5% | 37.0% |
| Operating Income | $478.70M | $462.60M | $384.00M | $484.10M | $211.10M |
| Net Income | $194.90M | $232.90M | $220.80M | $297.10M | $79.40M |
| Net Margin | 5.7% | 6.5% | 6.2% | 8.6% | 2.8% |
| EPS | $0.75 | $0.86 | $0.78 | $1.02 | $0.27 |
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, or other accessories; solutions for stationary and mobile drives, engine systems, personal mobility, and vertical lifts application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, engine systems, and other industrial application platforms; and hydraulics, including hoses, tubing, and fittings, as well as assemblies. The company serves construction, agriculture, energy and resources, automotive, transportation, mobility and recreation, consumer products, and various industrial applications, such as automated manufacturing and logistics systems. It sells its engineered products under the Gates brand. The company offers its products to replacement channel customers, as well as to original equipment manufacturers. Gates Industrial Corporation plc was founded in 1911 and is headquartered in Denver, Colorado.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 25th 2025 | JP Morgan | Initiation | Overweight | $35 |
| December 5th 2024 | Barclays | Upgrade | Overweight | $25← $21 |
| September 6th 2024 | Morgan Stanley | Initiation | Equal Weight | $19 |
| August 19th 2024 | RBC Capital Mkts | Upgrade | Outperform | $22← $20 |
| March 8th 2024 | Wolfe Research | Upgrade | Outperform | $20 |
| February 29th 2024 | Jefferies | Initiation | Buy | $21 |
| February 22nd 2024 | KeyBanc Capital Markets | Upgrade | Overweight | $18 |
| June 20th 2023 | Goldman | Downgrade | Neutral | $14.5 |
| February 10th 2023 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| August 11th 2022 | Evercore ISI | Downgrade | In-line | $13.5← $15 |
| June 1st 2022 | RBC Capital Mkts | Downgrade | Sector Perform | $14← $17 |
| April 6th 2022 | Wolfe Research | Downgrade | Peer Perform | - |
Earnings History & Surprises
GTESEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $0.35 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.38 | $0.39 | +2.6% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $0.39 | $0.39 | 0.0% | = MET |
Q2 2025 | Apr 30, 2025 | $0.33 | $0.36 | +9.1% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $0.33 | $0.36 | +9.1% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.31 | $0.33 | +6.5% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $0.35 | $0.36 | +2.9% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.30 | $0.31 | +3.3% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $0.29 | $0.39 | +34.5% | ✓ BEAT |
Q4 2023 | Nov 3, 2023 | $0.31 | $0.35 | +12.9% | ✓ BEAT |
Q3 2023 | Aug 4, 2023 | $0.32 | $0.36 | +12.5% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.26 | $0.25 | -3.8% | ✗ MISS |
Q1 2023 | Feb 9, 2023 | $0.23 | $0.25 | +8.7% | ✓ BEAT |
Q4 2022 | Nov 4, 2022 | $0.30 | $0.31 | +3.3% | ✓ BEAT |
Q3 2022 | Aug 5, 2022 | $0.26 | $0.32 | +23.1% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.24 | $0.26 | +8.3% | ✓ BEAT |
Q1 2022 | Feb 7, 2022 | $0.20 | $0.31 | +55.0% | ✓ BEAT |
Q4 2021 | Nov 8, 2021 | $0.31 | $0.31 | 0.0% | = MET |
Q3 2021 | Aug 9, 2021 | $0.37 | $0.42 | +13.5% | ✓ BEAT |
Latest News
JP Morgan Maintains Overweight on Gates Industrial Corp, Lowers Price Target to $32
➖ NeutralShares of companies in the broader machinery sector are trading higher. Stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveWells Fargo Initiates Coverage On Gates Industrial Corp with Equal-Weight Rating, Announces Price Target of $23
➖ NeutralUBS Maintains Buy on Gates Industrial Corp, Lowers Price Target to $29
➖ NeutralJP Morgan Maintains Overweight on Gates Industrial Corp, Lowers Price Target to $33
➖ NeutralCitigroup Maintains Buy on Gates Industrial Corp, Lowers Price Target to $28
➖ NeutralRBC Capital Maintains Outperform on Gates Industrial Corp, Lowers Price Target to $26
➖ NeutralRBC Capital Maintains Outperform on Gates Industrial Corp, Lowers Price Target to $26
➖ NeutralGates Industrial Corp Raises FY2025 Adj EPS Guidance from $1.44-$1.52 to $1.48-$1.52 vs $1.50 Est; Narrows FY2025 Sales Guidance from $3.462B-$3.531B to $3.462B-$3.497B vs $3.458B Est
📈 PositiveGates Industrial Corp Q3 Adj. EPS $0.39 Beats $0.37 Estimate, Sales $855.700M Miss $860.982M Estimate
➖ NeutralJP Morgan Initiates Coverage On Gates Industrial Corp with Overweight Rating, Announces Price Target of $35
📈 PositiveFrequently Asked Questions about GTES
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