Gates Industrial Corp (NYSE:GTES) reported its Q1 earnings results on Wednesday, May 4, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Gates Industrial Corp beat estimated earnings by 18.18%, reporting an EPS of $0.26 versus an estimate of $0.22.
Revenue was up $12.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 1.72% increase in the share price the next day.
Here's a look at Gates Industrial Corp's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.21 | 0.31 | 0.37 | 0.31 |
| EPS Actual | 0.31 | 0.31 | 0.42 | 0.33 |
| Revenue Estimate | 821.59M | 854.21M | 904.95M | 863.64M |
| Revenue Actual | 815.60M | 862.40M | 915.10M | 881.30M |
To track all earnings releases for Gates Industrial Corp visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
