Gates Industrial (GTES) Q1 Earnings and Revenues Surpass Estimates

Company Performance - Gates Industrial (GTES) reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and up from $0.31 per share a year ago, indicating a positive earnings surprise of 9.09% [1][2] - The company achieved revenues of $847.6 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.58%, although this represents a decline from year-ago revenues of $862.6 million [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40, with expected revenues of $892.53 million, and for the current fiscal year, the consensus EPS estimate is $1.44 on revenues of $3.41 billion [8] - The estimate revisions trend for Gates Industrial is mixed, resulting in a Zacks Rank 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [7] Industry Context - Gates Industrial operates within the Zacks Manufacturing - General Industrial industry, which is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges for stock performance [9] - The performance of Gates Industrial's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [9]