Gates Industrial Corporation plc (GTES)
NYSE: GTES · IEX Real-Time Price · USD
17.68
+0.10 (0.57%)
May 24, 2024, 4:00 PM EDT - Market closed

GTES Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for GTES stock have an average target of 19.11, with a low estimate of 14 and a high estimate of 26. The average target predicts an increase of 8.09% from the current stock price of 17.68.

Analyst Consensus: Buy
Target Low Average Median High
Price $14 $19.11 $20 $26
Change -20.81% +8.09% +13.12% +47.06%

Analyst Ratings

The average analyst rating for GTES stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Dec '23Jan '24Feb '24Mar '24Apr '24May '24
Strong Buy 222232
Buy 222333
Hold 774554
Sell 000000
Strong Sell 000000
Total 1111810119

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Baird
Baird
Buy
Maintains
$25$26
Buy Maintains $25$26 +47.06% May 2, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$16$18
Hold Maintains $16$18 +1.81% Apr 16, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$17$20
Strong Buy Maintains $17$20 +13.12% Apr 8, 2024
Goldman Sachs
Goldman Sachs
Hold
Maintains
$14$16
Hold Maintains $14$16 -9.50% Mar 12, 2024
Keybanc
Keybanc
Buy
Maintains
$18$21
Buy Maintains $18$21 +18.78% Mar 12, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
3.60B
from 3.57B
Increased by 0.83%
Revenue Next Year
3.78B
from 3.60B
Increased by 4.89%
EPS This Year
1.43
from 0.84
Increased by 70.27%
EPS Next Year
1.70
from 1.43
Increased by 19.10%
Year 20192020202120222023202420252026
Revenue
3.09B2.79B3.47B3.55B3.57B3.60B3.78B3.93B
Revenue Growth
-7.78%-9.53%24.40%2.30%0.45%0.83%4.89%4.13%
EPS
2.370.271.000.770.841.431.701.93
EPS Growth
182.14%-88.61%270.37%-23.00%9.09%70.27%19.10%13.42%
No. Analysts -----12129
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
High 3.8B 4.0B 4.1B
Avg 3.6B 3.8B 3.9B
Low 3.4B 3.6B 3.7B

Revenue Growth

Revenue Growth 202420252026
High
5.0%
10.5%
8.8%
Avg
0.8%
4.9%
4.1%
Low
-4.2%
-0.9%
-1.7%

EPS Forecast

EPS 202420252026
High 1.51 1.92 2.24
Avg 1.43 1.70 1.93
Low 1.36 1.52 1.70

EPS Growth

EPS Growth 202420252026
High
79.4%
34.3%
31.3%
Avg
70.3%
19.1%
13.4%
Low
62.2%
6.2%
-0.5%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.