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Gates Industrial Corporation plc (GTES) Q4 2023 Earnings Call Transcript
DENVER , Jan. 25, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) today announced that it has changed the time of its Fourth-Quarter 2023 webcast and conference call from 10 a.m. Eastern time to 9 a.m.
DENVER , Jan. 10, 2024 /PRNewswire/ -- Gates Industrial Corporation plc (NYSE:GTES) will issue its fourth-quarter earnings release before the market opens on Thursday, February 8, 2024. Management will host a webcast and conference call on the same day at 10:00 a.m.
Gates Industrial (GTES) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Gates Industrial Corp.'s stock GTES, +0.57% was down nearly 7.7% in premarket trading on Friday after the power transmission manufacturer said it priced a previously-announced secondary offering of 15 million shares. The sellers are stockholders affiliated with Blackstone Inc. BX, +1.56%.
The average of price targets set by Wall Street analysts indicates a potential upside of 28.8% in Gates Industrial (GTES). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Gates Industrial (GTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Gates Industrial (GTES) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Gates Industrial Corporation plc (NYSE:GTES ) Q3 2023 Results Conference Call November 3, 2023 10:00 AM ET Company Participants Rich Kwas - VP, IR Ivo Jurek - CEO Brooks Mallard - CFO Conference Call Participants Andy Kaplowitz - Citi Damian Karas - UBS David Raso - Evercore ISI Deane Dray - RBC Capital Markets Jeff Hammond - KeyBanc Capital Markets Jerry Revich - Goldman Sachs Julian Mitchell - Barclays Operator Ladies and gentlemen, good morning. My name is Abby, and I'll be your conference operator today.