$26.40+0.29 (+1.11%)
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India, East Asia, and Greater China.
Gates Industrial Corporation plc in the Industrials sector is trading at $26.40. Wall Street consensus targets $31.08 (12 analysts), implying a +17.7% move over the next 12 months. The stock is currently 7% below its 52-week high of $28.47, remaining 8.8% above its 200-day moving average. On fundamentals, Piotroski 7/9 indicates strong financial quality, Altman Z in the distress zone. The Whystock Score of 95/100 reflects bullish alignment across trend, valuation and analyst targets.
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Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions in the United States, rest of North America, South America, the United Kingdom, Luxembourg, rest of Europe, the Middle East, Africa, India...
Q1 earnings miss puts Gates Industrial (GTES) under closer investor scrutiny Gates Industrial (GTES) recently posted Q1 results with revenue flat year on year and both revenue and adjusted operating income below analyst expectations. This performance is putting the stock under closer scrutiny for many investors. See our latest analysis for Gates Industrial. Despite the Q1 miss, the stock has kept some positive momentum, with a 90 day share price return of 7.58% and a 3 year total shareholder...
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at Gates Industrial Corporation (NYSE:GTES) and its peers.
Here is how Gates Industrial (GTES) and Vestis (VSTS) have performed compared to their sector so far this year.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Gates Industrial Corporation’s first quarter was marked by operational disruptions tied to the rollout of a new enterprise resource planning (ERP) system in Europe, which led to temporary sales and margin pressure. While overall sales were flat year over year and missed Wall Street’s revenue expectations, management attributed much of the variance to the ERP transition and fewer working days. CEO Ivo Jurek noted that “our Europe team successfully implemented a new ERP system” and that the busine