Gates Industrial (GTES) Projected to Announce Quarterly Earnings on Friday

Gates Industrial (NYSE:GTES) will likely be announcing its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to post 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 report 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 quarterly earnings data on Friday, May 1st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $851.10 million during the quarter, compared to analysts’ expectations of $859.72 million. Gates Industrial had a net margin of 7.23% and a return on equity of 10.00%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. 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 Performance

Shares of GTES stock opened at $27.02 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.66 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average price of $26.42 and a 200 day moving average price of $25.24. The company has a market cap of $6.86 billion, a P/E ratio of 28.14 and a beta of 1.25. Gates Industrial has a 12 month low of $20.88 and a 12 month high of $29.17.

Institutional Investors Weigh In On Gates Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of GTES. Smartleaf Asset Management LLC boosted its stake in Gates Industrial by 12.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,994 shares of the company’s stock worth $196,000 after purchasing an additional 979 shares during the period. Brooklyn Investment Group acquired a new position in Gates Industrial in the fourth quarter valued at $222,000. Elevation Point Wealth Partners LLC increased its stake in Gates Industrial by 49.6% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 12,365 shares of the company’s stock valued at $265,000 after purchasing an additional 4,098 shares during the period. Centaurus Financial Inc. raised its holdings in shares of Gates Industrial by 30.4% in the third quarter. Centaurus Financial Inc. now owns 10,431 shares of the company’s stock valued at $259,000 after buying an additional 2,431 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Gates Industrial in the third quarter valued at about $240,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GTES has been the topic of a number of analyst reports. Barclays cut their price target on Gates Industrial from $32.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. Wolfe Research reiterated an “outperform” rating and issued a $33.00 price objective on shares of Gates Industrial in a report on Thursday, July 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Gates Industrial in a research report on Monday, June 29th. Morgan Stanley boosted their target price on Gates Industrial from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Finally, Robert W. Baird lowered their price target on Gates Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Gates Industrial currently has an average rating of “Moderate Buy” and an average price target 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.