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GTES

Gates Industrial Corporation plc

$12.33

Earnings Summary

Revenue
$893.4Mn
Net Profits
$30.9Mn
Net Profit Margins
3.46%
PE Ratio
16.59

Highlights

Revenue:

Gates Industrial Corporation plc’s revenue jumped 1.37% since last year same period to $893.4Mn in the Q1 2022. On a quarterly growth basis, Gates Industrial Corporation plc has generated 9.62% jump in its revenue since last 3-months.

Net Profits:

Gates Industrial Corporation plc’s net profit fell -54.09% since last year same period to $30.9Mn in the Q1 2022. On a quarterly growth basis, Gates Industrial Corporation plc has generated -56.48% fall in its net profits since last 3-months.

Net Profit Margins:

Gates Industrial Corporation plc’s net profit margin fell -54.71% since last year same period to 3.46% in the Q1 2022. On a quarterly growth basis, Gates Industrial Corporation plc has generated -60.3% fall in its net profit margins since last 3-months.

PE Ratio:

Gates Industrial Corporation plc’s price-to-earnings ratio after this Q1 2022 earnings stands at 16.59.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Gates Industrial Corporation plc post its latest quarter earnings

EPS Estimate Current Quarter
0.26
EPS Estimate Current Year
0.26

Highlights

EPS Estimate Current Quarter:

Gates Industrial Corporation plc’s earning per share (EPS) estimates for the current quarter stand at 0.26 - a 18.18% jump from last quarter’s estimates.

EPS Estimate Current Year:

Gates Industrial Corporation plc’s earning per share (EPS) estimates for the current year stand at 0.26.

Key Ratios

Key ratios of the Gates Industrial Corporation plc post its Q1 2022 earnings

Earning Per Share (EPS)
0.26
Return on Assets (ROA)
0.03
Return on Equity (ROE)
0.07
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Gates Industrial Corporation plc’s earning per share (EPS) fell -21.21% since last year same period to 0.26 in the Q1 2022. This indicates that the Gates Industrial Corporation plc has generated -21.21% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Gates Industrial Corporation plc’s return on assets (ROA) stands at 0.03.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Gates Industrial Corporation plc’s return on equity (ROE) stands at 0.07.

Dividend Per Share (DPS):

Gates Industrial Corporation plc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-04
0.22
0.26
18.18%

Company Information

Gates Corporation plc is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers, and to original equipment ('first-fit') manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Its products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners and virtually every form of transportation. Its products are sold in 128 countries across its four commercial regions: the Americas; Europe, Middle East & Africa; Greater China; and East Asia & India.

Organisation
Gates Industrial Corporation plc
Employees
14.3K
Industry
Producer Manufacturing