For the quarter ended March 2026, Gates Industrial (GTES) reported revenue of $851.1 million, up 0.4% over the same period last year. EPS came in at $0.35, compared to $0.36 in the year-ago quarter.
The reported revenue represents a surprise of -1.24% over the Zacks Consensus Estimate of $861.74 million. With the consensus EPS estimate being $0.32, the EPS surprise was +9.38%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Gates Industrial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Fluid Power: $317.9 million versus the two-analyst average estimate of $324.16 million. The reported number represents a year-over-year change of -0.8%. Net Sales- Power Transmission: $533.2 million versus the two-analyst average estimate of $537.59 million. The reported number represents a year-over-year change of +1.1%. Adjusted EBITDA- Fluid Power: $65.4 million compared to the $66.45 million average estimate based on two analysts. Adjusted EBITDA- Power Transmission: $112 million versus the two-analyst average estimate of $111.2 million.View all Key Company Metrics for Gates Industrial here>>>
Shares of Gates Industrial have returned +16.2% over the past month versus the Zacks S&P 500 composite's +10.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Beyond Nvidia: AI's Second Wave Is Here
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Gates Industrial Corporation PLC (GTES): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).