Gates Industrial (GTES) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Gates Industrial (GTES) reported $829.4 million in revenue for the quarter ended December 2024, representing a year-over-year decline of 3.9%. EPS of $0.36 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $818.28 million, representing a surprise of +1.36%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $0.34.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Gates Industrial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Fluid Power: $309.40 million compared to the $310.74 million average estimate based on two analysts. The reported number represents a change of -6.4% year over year. Net Sales- Power Transmission: $520 million versus the two-analyst average estimate of $507.05 million. The reported number represents a year-over-year change of -2.4%. Adjusted EBITDA- Fluid Power: $67.90 million compared to the $66 million average estimate based on two analysts. Adjusted EBITDA- Power Transmission: $112.90 million versus $110.66 million estimated by two analysts on average. View all Key Company Metrics for Gates Industrial here>>>Shares of Gates Industrial have returned +3.3% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gates Industrial Corporation PLC (GTES): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks