Earnings Preview for Gates Industrial Corp

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Gates Industrial Corp GTES announces its next round of earnings this Monday, February 08. Here is Benzinga's look at Gates Industrial Corp's Q4 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Gates Industrial Corp EPS is expected to be around $0.19, according to sell-side analysts. Sales will likely be near $725.94 million. Gates Industrial Corp reported a profit of $0.19 per share when it published results during the same quarter last year. Sales in that period totaled $725.70 million.

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Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to report earnings in line when it publishes results Monday, earnings would be down 0%. Sales would be up 0.03% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.16 -0.05 0.16 0.18
EPS Actual 0.26 0.03 0.21 0.19
Revenue Estimate 692.60 M 557.15 M 718.56 M 719.07 M
Revenue Actual 712.20 M 576.50 M 710.10 M 725.70 M

Stock Performance

Shares of Gates Industrial Corp were trading at $15.12 as of February 04. Over the last 52-week period, shares are up 18.24%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Gates Industrial Corp is scheduled to hold the call at 10:00:00 ET and can be accessed here.

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Posted In: EarningsBZI-EP
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