Gates Industrial Reaffirmed FY24 Adj. EPS Of $1.28 - $1.43 (vs. $1.42 Est.), Core Revenue Growth Of (3%) To +1%
Portfolio Pulse from Benzinga Newsdesk
Gates Industrial has reaffirmed its FY24 adjusted EPS guidance of $1.28 to $1.43, compared to the $1.42 estimate, and expects core revenue growth to range from -3% to +1%.
May 01, 2024 | 12:17 pm
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Gates Industrial reaffirms its FY24 adjusted EPS guidance of $1.28 to $1.43, against analysts' expectations of $1.42, and anticipates core revenue growth of -3% to +1%.
The reaffirmation of Gates Industrial's FY24 earnings guidance closely aligns with analyst expectations, suggesting a neutral to slightly positive outlook. The projected core revenue growth indicates stability but also hints at potential challenges in achieving significant growth. This news is directly relevant to GTES and is important for investors tracking the company's performance against market expectations. The confidence in this analysis is high due to the clear guidance provided by the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100