Gates Industrial Corporation plc (NYSE: GTES) has announced that it will be unveiling its third quarter financial results on Wednesday 30th October 2024. The disclosure is planned to occur before market open.
The financial experts on Wall Street are predicting that the company will likely report an estimated $0.31 profit per share for the third quarter. Additionally, it is anticipated that the company will reveal a $831.18 million revenue during the quarter.
Wall Street analysts have revealed their forecasts for the company's annual performance, predicting a total revenue of $3.41 billion. Additionally, they expect the company to report per share profit of $1.31 for the fiscal year.
Examining the corresponding quarter from the previous year, the company's earnings report unveiled a income of $0.35 per share. This number was attributed to the company's total revenue, which settled at an impressive $872.9 million during the same period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.36 | 0% | 885.50 M | -5.4% |
| Q1 2024 | $0.31 | +24.0% | 862.60 M | -3.9% |
| Q4 2023 | $0.39 | +56.0% | 863.30 M | -3.4% |
| Q3 2023 | $0.35 | +12.9% | 872.90 M | +1.4% |
| Q2 2023 | $0.36 | +12.5% | 936.30 M | +3.3% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 30th October 2024 at 11:00 AM eastern time to review the Q3 2024 financial results.
The previous trading day saw Gates Industrial Corporation plc (GTES) shares trading between $18.45 and $18.76, besides a volume of 2.93 million shares. The stock closed Monday's regular trading session at $18.54, marking 0.87 percent rise.
