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

Core Insights - Gates Industrial (GTES) reported revenue of $829.4 million for Q4 2024, a year-over-year decline of 3.9% and an EPS of $0.36 compared to $0.39 a year ago, exceeding the Zacks Consensus Estimate of $818.28 million by 1.36% and delivering an EPS surprise of 5.88% [1] Financial Performance - Net Sales in Fluid Power amounted to $309.40 million, slightly below the average estimate of $310.74 million, reflecting a year-over-year decline of 6.4% [4] - Net Sales in Power Transmission reached $520 million, surpassing the average estimate of $507.05 million, with a year-over-year change of -2.4% [4] - Adjusted EBITDA for Fluid Power was reported at $67.90 million, exceeding the average estimate of $66 million [4] - Adjusted EBITDA for Power Transmission was $112.90 million, also above the average estimate of $110.66 million [4] Market Performance - Gates Industrial shares have returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]