Gates Industrial Corporation Lt (GTES) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.44
- Estimate
- $0.42
- Surprise
- +5.8%
- Revenue (period 2026-06-27)
- $941.6M
- Score at report (before → after)
- 5.9 → 6.0/10
Revenue source: xbrl.
How the report landed
Gates Industrial Corporation Lt (GTES) beat the $0.42 estimate with diluted EPS of $0.44 — a clear 5.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.9/10) to Hold at 6.0/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates GTES Hold at 6.5/10.
4 of the last 4 quarters beat the estimate; this quarter's +5.8% surprise compares with a +5.4% four-quarter average. Next scheduled report: 2026-10-28.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Concentration risk — Product: Power Transmission segment (62.0%)
- Sector modifier (Industrials): -0.7
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $25.95
- Price target
- $28.78
- Stop
- $24.33
- Upside to target
- +10.9%
- Reward-to-risk
- 1.7:1
The stock trades at 18.4× trailing but 13.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-06 — shown for context, not personalized investment advice.
GTES at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Specialty Industrial Machinery
- Market cap
- $6.57B
- P/E (fwd)
- 13.4
- P/E (ttm)
- 18.4
- 52-week range
- $20.88–$30.34
- Off 52-week high
- 14.5%
- RSI (14)
- 32
- Volume vs avg
- 0.81×
- Score today
- 6.5/10