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Gates Industrial (GTES) Stock Forecast, Price Target & Predictions

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GTES Stock Forecast

Gates Industrial stock forecast is as follows: an average price target of $19.22 (represents a -9.68% downside from GTES’s last price of $21.28) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.

GTES Price Target

The average price target for Gates Industrial (GTES) is $19.22 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $13.00. This represents a potential -9.68% downside from GTES's last price of $21.28.

GTES Analyst Ratings

Buy

According to 7 Wall Street analysts, Gates Industrial's rating consensus is 'Buy'. The analyst rating breakdown for GTES stock is 0 'Strong Buy' (0.00%), 5 'Buy' (71.43%), 2 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Gates Industrial Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Jerry RevichGoldman Sachs$21.00$19.308.81%-1.32%
Oct 31, 2024Jeffrey HammondKeyBanc$22.00$19.3013.99%3.38%
Sep 06, 2024Chris SnyderMorgan Stanley$19.00$16.6713.98%-10.71%
Aug 19, 2024Deane DrayRBC Capital$22.00$17.8123.53%3.38%
Aug 01, 2024Michael HalloranRobert W. Baird$22.00$18.5918.34%3.38%
Jul 31, 2024Jerry RevichGoldman Sachs$20.00$18.597.58%-6.02%
Mar 13, 2024Nigel CoeWolfe Research$21.00$17.3521.04%-1.32%
Mar 12, 2024Jeffrey HammondKeyBanc$21.00$17.0922.88%-1.32%
Mar 08, 2024Nigel CoeWolfe Research$20.00$16.2323.23%-6.02%
Feb 22, 2024Jeffrey HammondKeyBanc$18.00$14.3425.52%-15.41%
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The latest Gates Industrial stock forecast, released on Oct 31, 2024 by Jerry Revich from Goldman Sachs, set a price target of $21.00, which represents a 8.81% increase from the stock price at the time of the forecast ($19.30), and a -1.32% decrease from GTES last price ($21.28).

Gates Industrial Price Target by Period

1M3M12M
# Anlaysts2310
Avg Price Target$21.50$20.67$20.60
Last Closing Price$21.28$21.28$21.28
Upside/Downside1.03%-2.87%-3.20%

In the current month, the average price target of Gates Industrial stock is $21.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 1.03% increase as opposed to Gates Industrial's last price of $21.28. This month's average price target is up 4.02% compared to last quarter, and up 4.37% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024Goldman SachsNeutralNeutralHold
Oct 31, 2024KeyBancOverweightOverweightHold
Sep 06, 2024Morgan StanleyEqual-WeightPositiveInitialise
Aug 19, 2024RBC CapitalSector PerformOutperformUpgrade
Jul 31, 2024Goldman SachsNeutralNeutralHold
Apr 08, 2024CitigroupBuyBuyHold
Apr 04, 2024RBC CapitalSector PerformSector PerformHold
Mar 12, 2024Goldman SachsNeutralNeutralHold
Mar 08, 2024Wolfe Research-OutperformUpgrade
Feb 22, 2024KeyBanc-OverweightUpgrade
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Gates Industrial's last stock rating was published by Goldman Sachs on Oct 31, 2024. The company gave GTES a "Neutral" rating, the same as its previous rate.

Gates Industrial Financial Forecast

Gates Industrial Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
Revenue--------$863.30M$872.90M$936.30M$897.70M$893.30M$860.70M$906.80M$893.40M$815.00M$893.40M$906.80M$860.70M-$881.30M$915.10M$862.40M$794.20M$710.10M$576.50M$712.20M$746.60M
Avg Forecast$871.00M$868.15M$922.16M$882.74M$833.12M$831.69M$893.04M$869.43M$862.59M$878.08M$932.95M$905.11M$849.61M$894.90M$916.19M$866.31M$815.72M$852.86M$908.16M$862.58M$722.59M$694.11M$562.18M$711.28M$720.80M$748.32M$846.93M$849.68M$749.76M
High Forecast$889.95M$887.04M$942.22M$914.63M$838.96M$835.53M$893.04M$869.43M$881.36M$883.80M$953.25M$924.80M$868.10M$894.90M$916.19M$866.31M$815.72M$852.86M$908.16M$862.58M$722.59M$694.11M$562.18M$711.28M$720.80M$748.32M$846.93M$849.68M$899.71M
Low Forecast$849.44M$846.67M$899.33M$850.85M$827.26M$827.86M$893.04M$869.43M$841.24M$870.30M$909.85M$882.71M$828.58M$894.90M$916.19M$866.31M$815.72M$852.86M$908.16M$862.58M$722.59M$694.11M$562.18M$711.28M$720.80M$748.32M$846.93M$849.68M$599.81M
# Analysts2224521117454222334558881212121215
Surprise %--------1.00%0.99%1.00%0.99%1.05%0.96%0.99%1.03%1.00%1.05%1.00%1.00%-1.27%1.63%1.21%1.10%0.95%0.68%0.84%1.00%

Gates Industrial's average Quarter revenue forecast for Mar 24 based on 1 analysts is $869.43M, with a low forecast of $869.43M, and a high forecast of $869.43M. GTES's average Quarter revenue forecast represents a 0.71% increase compared to the company's last Quarter revenue of $863.30M (Dec 23).

Gates Industrial EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts2224521117454222334558881212121215
EBITDA--------$120.30M$125.90M$129.10M$147.20M$125.30M$160.10M$170.90M$124.80M$128.60M$114.50M$152.20M$148.00M-$175.10M$198.00M$173.40M$130.60M$37.70M$64.70M$115.50M$132.20M
Avg Forecast$163.01M$162.48M$172.59M$165.21M$155.92M$155.66M$167.14M$113.35M$161.44M$164.34M$174.61M$103.05M$70.02M$169.11M$173.13M$93.68M$154.15M$161.17M$171.62M$163.80M$136.55M$131.17M$106.24M$25.92M$136.21M$141.41M$160.05M$168.20M$114.60M
High Forecast$166.56M$166.01M$176.34M$171.18M$157.02M$156.37M$167.14M$136.03M$164.95M$165.41M$178.40M$123.66M$84.03M$169.11M$173.13M$112.42M$154.15M$161.17M$171.62M$196.56M$136.55M$131.17M$106.24M$31.10M$136.21M$141.41M$160.05M$201.84M$137.53M
Low Forecast$158.98M$158.46M$168.31M$159.24M$154.83M$154.94M$167.14M$90.68M$157.44M$162.88M$170.28M$82.44M$56.02M$169.11M$173.13M$74.95M$154.15M$161.17M$171.62M$131.04M$136.55M$131.17M$106.24M$20.73M$136.21M$141.41M$160.05M$134.56M$91.68M
Surprise %--------0.75%0.77%0.74%1.43%1.79%0.95%0.99%1.33%0.83%0.71%0.89%0.90%-1.33%1.86%6.69%0.96%0.27%0.40%0.69%1.15%

1 analysts predict GTES's average Quarter EBITDA for Mar 24 to be $113.35M, with a high of $136.03M and a low of $90.68M. This is -5.77% lower than Gates Industrial's previous annual EBITDA (Dec 23) of $120.30M.

Gates Industrial Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts2224521117454222334558881212121215
Net Income--------$62.90M$78.70M$64.90M$26.40M$84.90M$51.90M$53.10M$30.90M$70.00M$70.20M$96.90M$67.30M-$76.50M$105.40M$78.20M$32.50M$35.50M$-27.80M$45.70M$37.50M
Avg Forecast$100.46M$100.13M$113.36M$103.17M$87.59M$80.37M$94.12M$30.59M$74.48M$81.00M$86.96M$27.81M$38.66M$82.60M$70.87M$25.28M$56.30M$83.24M$98.22M$62.96M$49.66M$44.73M$-11.34M$24.48M$47.80M$43.71M$71.75M$613.70M$20.90M
High Forecast$103.31M$102.96M$116.56M$111.31M$90.17M$81.55M$94.15M$36.71M$76.59M$86.23M$89.42M$33.37M$46.39M$82.60M$70.87M$30.34M$56.30M$83.24M$98.22M$75.55M$49.66M$44.73M$-11.34M$29.37M$47.80M$43.71M$71.75M$736.44M$25.08M
Low Forecast$97.23M$96.91M$109.71M$92.31M$85.02M$79.20M$94.09M$24.47M$72.08M$73.16M$84.16M$22.25M$30.93M$82.60M$70.87M$20.23M$56.30M$83.24M$98.22M$50.37M$49.66M$44.73M$-11.34M$19.58M$47.80M$43.71M$71.75M$490.96M$16.72M
Surprise %--------0.84%0.97%0.75%0.95%2.20%0.63%0.75%1.22%1.24%0.84%0.99%1.07%-1.71%-9.29%3.20%0.68%0.81%-0.39%0.07%1.79%

Gates Industrial's average Quarter net income forecast for Mar 24 is $30.59M, with a range of $24.47M to $36.71M. GTES's average Quarter net income forecast represents a -51.37% decrease compared to the company's last Quarter net income of $62.90M (Dec 23).

Gates Industrial SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts2224521117454222334558881212121215
SG&A--------$216.00M$213.40M$220.70M$232.10M$209.70M$199.70M$209.10M$235.20M$209.00M$235.20M$209.10M$199.70M-$211.60M$214.20M$217.40M$205.20M$197.40M$182.90M$195.40M$195.70M
Avg Forecast$219.81M$219.09M$232.72M$222.77M$210.25M$209.89M$225.37M$232.85M$217.69M$221.60M$235.44M$211.68M$113.80M$225.84M$231.21M$192.44M$205.86M$215.23M$229.19M$197.95M$182.36M$175.17M$141.88M$135.71M$181.91M$188.85M$213.74M$207.10M$180.15M
High Forecast$224.59M$223.86M$237.78M$230.82M$211.73M$210.86M$225.37M$279.42M$222.43M$223.04M$240.57M$254.02M$136.56M$225.84M$231.21M$230.92M$205.86M$215.23M$229.19M$237.54M$182.36M$175.17M$141.88M$162.85M$181.91M$188.85M$213.74M$248.52M$216.19M
Low Forecast$214.37M$213.67M$226.96M$214.72M$208.77M$208.92M$225.37M$186.28M$212.30M$219.63M$229.62M$169.34M$91.04M$225.84M$231.21M$153.95M$205.86M$215.23M$229.19M$158.36M$182.36M$175.17M$141.88M$108.57M$181.91M$188.85M$213.74M$165.68M$144.12M
Surprise %--------0.99%0.96%0.94%1.10%1.84%0.88%0.90%1.22%1.02%1.09%0.91%1.01%-1.21%1.51%1.60%1.13%1.05%0.86%0.94%1.09%

Gates Industrial's average Quarter SG&A projection for Mar 24 is $232.85M, based on 1 Wall Street analysts, with a range of $186.28M to $279.42M. The forecast indicates a 7.80% rise compared to GTES last annual SG&A of $216.00M (Dec 23).

Gates Industrial EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18
# Analysts2224521117454222334558881212121215
EPS---------$0.30-$0.09$0.30$0.18$0.19$0.11$0.23$0.13$0.21$0.18-$0.26$0.36$0.27$0.11$0.12$-0.10$0.15$0.13
Avg Forecast$0.38$0.38$0.43$0.39$0.33$0.31$0.36$0.32$0.28$0.31$0.33$0.26$0.23$0.31$0.27$0.22$0.21$0.31$0.37$0.31$0.19$0.17$-0.04$0.16$0.18$0.16$0.27$0.28$0.19
High Forecast$0.39$0.39$0.44$0.42$0.34$0.31$0.36$0.32$0.29$0.33$0.34$0.27$0.24$0.31$0.27$0.22$0.21$0.31$0.37$0.31$0.19$0.17$-0.04$0.16$0.18$0.16$0.27$0.28$0.23
Low Forecast$0.37$0.37$0.42$0.35$0.32$0.30$0.36$0.32$0.27$0.28$0.32$0.25$0.23$0.31$0.27$0.22$0.21$0.31$0.37$0.31$0.19$0.17$-0.04$0.16$0.18$0.16$0.27$0.28$0.15
Surprise %---------0.98%-0.35%1.29%0.58%0.72%0.50%1.09%0.42%0.57%0.58%-1.55%-8.47%1.70%0.61%0.73%-0.37%0.54%0.68%

According to 1 Wall Street analysts, Gates Industrial's projected average Quarter EPS for Dec 23 is $0.28, with a low estimate of $0.27 and a high estimate of $0.29. This represents a -5.76% decrease compared to GTES previous annual EPS of $0.30 (Sep 23).

Gates Industrial Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
TNCTennant Company$85.26$140.0064.20%Buy
HLIOHelios$50.52$81.5061.32%Buy
CXTCrane NXT$56.45$89.3358.25%Buy
JBTJohn Bean$118.20$128.008.29%Buy
IEXIDEX$223.61$237.446.18%Buy
FELEFranklin Electric$105.34$103.00-2.22%Buy
DCIDonaldson Company$75.26$68.25-9.31%Hold
GTESGates Industrial$21.28$19.22-9.68%Buy
ITTITT$153.00$132.60-13.33%Buy
IRIngersoll Rand$102.38$70.67-30.97%Buy

GTES Forecast FAQ

Is Gates Industrial a good buy?

Yes, according to 7 Wall Street analysts, Gates Industrial (GTES) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 71.43% of GTES's total ratings.

What is GTES's price target?

Gates Industrial (GTES) average price target is $19.22 with a range of $13 to $22, implying a -9.68% from its last price of $21.28. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Gates Industrial stock go up soon?

According to Wall Street analysts' prediction for GTES stock, the company can go down by -9.68% (from the last price of $21.28 to the average price target of $19.22), up by 3.38% based on the highest stock price target, and down by -38.91% based on the lowest stock price target.

Can Gates Industrial stock reach $30?

GTES's average twelve months analyst stock price target of $19.22 does not support the claim that Gates Industrial can reach $30 in the near future.

What is Gates Industrial's current price target trend?

2 Wall Street analysts forecast a $21.5 price target for Gates Industrial (GTES) this month, up 1.03% from its last price of $21.28. Compared to the last 3 and 12 months, the average price target decreased by -2.87% and decreased by -3.20%, respectively.

What are Gates Industrial's analysts' financial forecasts?

Gates Industrial's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.43B (high $3.44B, low $3.42B), average EBITDA is $592.07M (high $616.55M, low $567.58M), average net income is $292.68M (high $302.58M, low $282.77M), average SG&A $878.36M (high $927.38M, low $829.35M), and average EPS is $1.31 (high $1.33, low $1.3). GTES's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.54B (high $3.63B, low $3.45B), average EBITDA is $663.29M (high $680.09M, low $644.99M), average net income is $417.12M (high $434.14M, low $396.16M), average SG&A $894.4M (high $917.06M, low $869.72M), and average EPS is $1.58 (high $1.65, low $1.5).

Did the GTES's actual financial results beat the analysts' financial forecasts?

Based on Gates Industrial's last annual report (Dec 2023), the company's revenue was $3.57B, which missed the average analysts forecast of $3.58B by -0.24%. Apple's EBITDA was $462.6M, missing the average prediction of $603.43M by -23.34%. The company's net income was $232.9M, missing the average estimation of $270.26M by -13.82%. Apple's SG&A was $882.2M, missing the average forecast of $886.41M by -0.47%. Lastly, the company's EPS was $0, missing the average prediction of $1.18 by -100.00%. In terms of the last quarterly report (Dec 2023), Gates Industrial's revenue was $863.3M, beating the average analysts' forecast of $862.59M by 0.08%. The company's EBITDA was $120.3M, missing the average prediction of $161.44M by -25.48%. Gates Industrial's net income was $62.9M, missing the average estimation of $74.48M by -15.55%. The company's SG&A was $216M, missing the average forecast of $217.69M by -0.78%. Lastly, the company's EPS was $0, missing the average prediction of $0.283 by -100.00%