• Gates Industrial Corporation PLC GTES.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of eleven analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 31 cents to 35 cents per share.

• Revenue fell 3.9% to $829.40 million from a year ago; analysts expected $827.98 million.

• Gates Industrial Corporation PLC's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $36.6 million.

• Gates Industrial Corporation PLC shares had risen by 1.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Gates Industrial Corporation PLC is $24.00

This summary was machine generated from LSEG data February 6 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)