Gates Industrial Past Earnings Performance
Past criteria checks 3/6
Gates Industrial's earnings have been declining at an average annual rate of -27%, while the Machinery industry saw earnings growing at 8.9% annually. Revenues have been growing at an average rate of 4.1% per year. Gates Industrial's return on equity is 7.8%, and it has net margins of 7%.
Key information
-27.0%
Earnings growth rate
-25.8%
EPS growth rate
| Machinery Industry Growth | 8.8% |
| Revenue growth rate | 4.1% |
| Return on equity | 7.8% |
| Net Margin | 7.0% |
| Last Earnings Update | 30 Mar 2024 |
Recent past performance updates
Recent updates
Increases to CEO Compensation Might Be Put On Hold For Now at Gates Industrial Corporation plc (NYSE:GTES)
Jun 14
Is Now An Opportune Moment To Examine Gates Industrial Corporation plc (NYSE:GTES)?
Jun 10Gates Industrial: Maintaining Robust Margin With Plans For Market Extension
Jun 09Does Gates Industrial (NYSE:GTES) Deserve A Spot On Your Watchlist?
May 01Gates Industrial Corporation plc's (NYSE:GTES) Intrinsic Value Is Potentially 95% Above Its Share Price
Apr 16Market Participants Recognise Gates Industrial Corporation plc's (NYSE:GTES) Earnings
Mar 28Gates Industrial: Improving Profitability Outlook Finally Driving The Stock Forward
Mar 22Is Now An Opportune Moment To Examine Gates Industrial Corporation plc (NYSE:GTES)?
Feb 08Do Gates Industrial's (NYSE:GTES) Earnings Warrant Your Attention?
Jan 04The Market Doesn't Like What It Sees From Gates Industrial Corporation plc's (NYSE:GTES) Earnings Yet
Dec 18Gates Industrial (NYSE:GTES) Has A Somewhat Strained Balance Sheet
Dec 02Should You Think About Buying Gates Industrial Corporation plc (NYSE:GTES) Now?
Nov 03Gates Industrial: Encouraging Q3 Report Needed To Finally Create A Floor For The Stock
Nov 02Is Gates Industrial Corporation plc (NYSE:GTES) Trading At A 41% Discount?
Oct 03Here's Why Gates Industrial (NYSE:GTES) Has Caught The Eye Of Investors
Aug 24Gates Industrial Corporation: Breaking Records And Driving Growth
Aug 14Is There Now An Opportunity In Gates Industrial Corporation plc (NYSE:GTES)?
Aug 02Is Gates Industrial Corporation plc (NYSE:GTES) Trading At A 28% Discount?
Jun 16These 4 Measures Indicate That Gates Industrial (NYSE:GTES) Is Using Debt Extensively
May 01Returns On Capital At Gates Industrial (NYSE:GTES) Have Stalled
Mar 28Calculating The Intrinsic Value Of Gates Industrial Corporation plc (NYSE:GTES)
Feb 22Gates Industrial Corp.: A 'Power' Prospect For Your Portfolio
Feb 17Gates Industrial Non-GAAP EPS of $0.25 beats by $0.02, revenue of $893.3M beats by $44.17M
Feb 09Does Gates Industrial (NYSE:GTES) Have A Healthy Balance Sheet?
Jan 21At US$12.01, Is Gates Industrial Corporation plc (NYSE:GTES) Worth Looking At Closely?
Jan 06Gates Industrial (NYSE:GTES) Has Some Way To Go To Become A Multi-Bagger
Dec 22Are Investors Undervaluing Gates Industrial Corporation plc (NYSE:GTES) By 37%?
Nov 21Revenue & Expenses Breakdown
How Gates Industrial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Mar 24 | 3,535 | 247 | 869 | 0 |
| 30 Dec 23 | 3,559 | 202 | 287 | 54 |
| 30 Sep 23 | 3,600 | 256 | 893 | 0 |
| 01 Jul 23 | 3,588 | 229 | 879 | 0 |
| 01 Apr 23 | 3,559 | 217 | 834 | 0 |
| 31 Dec 22 | 3,554 | 204 | 293 | 57 |
| 01 Oct 22 | 3,477 | 199 | 833 | 0 |
| 02 Jul 22 | 3,478 | 218 | 854 | 0 |
| 02 Apr 22 | 3,487 | 261 | 876 | 0 |
| 01 Jan 22 | 3,474 | 297 | 852 | 0 |
| 02 Oct 21 | 3,453 | 259 | 841 | 0 |
| 03 Jul 21 | 3,303 | 230 | 807 | 0 |
| 03 Apr 21 | 2,964 | 112 | 776 | 0 |
| 02 Jan 21 | 2,793 | 80 | 767 | 0 |
| 26 Sep 20 | 2,725 | 75 | 750 | 0 |
| 27 Jun 20 | 2,759 | 68 | 753 | 0 |
| 28 Mar 20 | 2,992 | 112 | 768 | 0 |
| 28 Dec 19 | 3,087 | 691 | 777 | 0 |
| 28 Sep 19 | 3,154 | 747 | 768 | 0 |
| 29 Jun 19 | 3,235 | 771 | 782 | 0 |
| 30 Mar 19 | 3,301 | 836 | 796 | 0 |
| 29 Dec 18 | 3,348 | 246 | 803 | 0 |
| 29 Sep 18 | 3,337 | 289 | 816 | 0 |
| 30 Jun 18 | 3,270 | 242 | 812 | 0 |
| 31 Mar 18 | 3,164 | 156 | 799 | 0 |
| 30 Dec 17 | 3,042 | 151 | 777 | 0 |
| 30 Sep 17 | 2,928 | 34 | 620 | 0 |
| 01 Jul 17 | 2,843 | 40 | 602 | 0 |
| 01 Apr 17 | 2,775 | 52 | 599 | 0 |
| 31 Dec 16 | 2,747 | 45 | 744 | 0 |
| 02 Jan 16 | 2,745 | 25 | 626 | 0 |
| 03 Jan 15 | 3,042 | -92 | 816 | 0 |
| 29 Mar 14 | 2,967 | 122 | 777 | 0 |
| 31 Dec 13 | 2,947 | 107 | 785 | 0 |
| 28 Sep 13 | 2,889 | 26 | 772 | 0 |
| 29 Jun 13 | 2,878 | -15 | 786 | 0 |
Quality Earnings: GTES has high quality earnings.
Growing Profit Margin: GTES's current net profit margins (7%) are higher than last year (6.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: GTES's earnings have declined by 27% per year over the past 5 years.
Accelerating Growth: GTES's earnings growth over the past year (14%) exceeds its 5-year average (-27% per year).
Earnings vs Industry: GTES earnings growth over the past year (14%) did not outperform the Machinery industry 14.8%.
Return on Equity
High ROE: GTES's Return on Equity (7.8%) is considered low.