Gates Industrial (GTES) Expected to Release Earnings on Friday

Gates Industrial (NYSE:GTES) will likely be posting its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect Gates Industrial to announce earnings of $0.40 per share and revenue of $925.4410 million for the quarter. Gates Industrial has set its FY 2026 guidance at 1.520-1.680 EPS. Interested persons can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Friday, July 31, 2026 at 10:00 AM ET.

Gates Industrial (NYSE:GTES) last released its earnings results on Friday, May 1st. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Gates Industrial had a return on equity of 10.00% and a net margin of 7.23%.The business had revenue of $851.10 million for the quarter, compared to analyst estimates of $859.72 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts expect Gates Industrial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Gates Industrial Stock Down 6.1%

NYSE:GTES opened at $24.82 on Thursday. Gates Industrial has a twelve month low of $20.88 and a twelve month high of $29.17. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 25.85 and a beta of 1.25. The stock has a fifty day simple moving average of $26.59 and a 200-day simple moving average of $25.34. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61.

Hedge Funds Weigh In On Gates Industrial

Several institutional investors have recently bought and sold shares of the business. Xponance LLC increased its holdings in shares of Gates Industrial by 3.7% in the 4th quarter. Xponance LLC now owns 13,792 shares of the company’s stock valued at $296,000 after acquiring an additional 486 shares during the period. Glenmede Investment Management LP grew its stake in Gates Industrial by 0.9% in the third quarter. Glenmede Investment Management LP now owns 55,047 shares of the company’s stock valued at $1,366,000 after purchasing an additional 514 shares during the last quarter. Lido Advisors LLC raised its holdings in Gates Industrial by 3.8% in the fourth quarter. Lido Advisors LLC now owns 14,069 shares of the company’s stock worth $302,000 after purchasing an additional 521 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Gates Industrial by 51.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,577 shares of the company’s stock valued at $34,000 after buying an additional 539 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Gates Industrial by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 85,178 shares of the company’s stock valued at $2,114,000 after buying an additional 543 shares during the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GTES. Wall Street Zen lowered shares of Gates Industrial from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, June 29th. Morgan Stanley lifted their price target on shares of Gates Industrial from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Robert W. Baird dropped their price objective on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, May 4th. Finally, Barclays reduced their price objective on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.36.

About Gates Industrial

Gates Industrial Corporation PLC (NYSE: GTES) is a leading global manufacturer of engineered power transmission belts and fluid power products. The company’s portfolio includes synchronous belts, V-belts, hose assemblies, fittings and hydraulic components designed to support a wide range of industrial and automotive applications. Gates Industrial serves sectors such as agriculture, mining, construction, manufacturing, transportation and consumer markets, offering solutions that improve performance, reliability and efficiency in demanding operating environments.

In its power transmission segment, Gates Industrial produces high-strength belts engineered for precise motion control and minimal maintenance.