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Gates Industrial Corp GTES reported its Q3 earnings results on Friday, November 4, 2022 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Gates Industrial Corp reported in-line EPS of $0.31 versus an estimate of $0.31.
Revenue was down $1.70 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 3.07% drop in the share price the next day.
Here’s a look at Gates Industrial Corp’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.22 | 0.21 | 0.31 |
| EPS Actual | 0.32 | 0.26 | 0.31 | 0.31 |
| Revenue Estimate | 912.06M | 871.17M | 821.59M | 854.21M |
| Revenue Actual | 906.80M | 893.40M | 815.60M | 862.40M |
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).
Guidance
Gates Industrial Corp management provided guidance for FY 2022, expecting earnings between $1.07 and $1.15 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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