Gates Industrial Corporation plc (GTES) Tops Q3 EPS by 2c ; Offers Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Goldman Sachs Reiterates Neutral Rating on Gates Industrial Corp. (GTES)
October 31, 2024 7:43 AM EDTGoldman Sachs analyst Jerry Revich reiterated a Neutral rating and $21.00 price target on Gates Industrial Corp. (NYSE: GTES)
The analyst comments "Our 2024-2026 EBITDA estimates (management definition) are largely unchanged following Q3 result that revealed a slight EBITDA margin beat despite weak end demand. Our top 3 takeaways below. 1) 3Q24 adjusted EBITDA of $183 mn was ahead of pre-results Factset consensus of $180 mn and GSe of $178 mn. Sales were in line with our estimates, while gross margins... More
