Gates Industrial Corp Q4 Earnings Assessment

Gates Industrial Corp GTES just disclosed its Q4 earnings on Thursday, February 6, 2025 at 08:00 AM.

Here's a brief overview of the earnings report.

Gates Industrial Corp beat estimated earnings by 9.0%, reporting an EPS of $0.36 versus an estimate of $0.33.

Revenue was down $33.90 million from the same period last year.

In the previous quarter, the company beat on EPS by $0.02, resulting in a 0.0% increase change in the share price the following day.

Here's a look at Gates Industrial Corp's past performance:

Quarter	Q3 2024	Q2 2024	Q1 2024	Q4 2023
EPS Estimate	0.31	0.36	0.32	0.28
EPS Actual	0.33	0.36	0.31	0.39
Revenue Estimate	831.18M	897.79M	870.27M	862.89M
Revenue Actual	830.70M	885.50M	862.60M	863.30M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Gates Industrial Corp management provided guidance for FY 2025, expecting earnings between $1.36 and $1.52 per share.

To track all earnings releases for Gates Industrial Corp visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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