Gates Industrial stock gained 1.58 percent on October 6

Published on 10/07/2026 at 05:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gates Industrial stock was last at USD 28.25 on October 6, 2026, while 13 firms set a Moderate Buy consensus at USD 32.45. Q2 sales rose 6.6 percent to USD 941.6 million.

GTES, BMG391041073, Illustration mit AI erstellt.

Gates Industrial stock (BMG391041073) was last at USD 28.25 on the NYSE on October 6, 2026, up 1.58 percent from the prior close of USD 27.81. According to MarketBeat on October 6, 2026, 13 research firms assign the shares a Moderate Buy consensus.

Analysts set a 14.9 percent gap

MarketBeat puts the average 12-month price target at USD 32.45. That target lies 14.9 percent above the October 6 price, giving the consensus a measurable distance from the latest NYSE quotation.

The analyst split is nine Buy ratings and four Hold ratings, according to MarketBeat. Wells Fargo raised its target from USD 26.00 to USD 30.00 while keeping an Equal Weight rating, and Robert W. Baird lifted its target from USD 37.00 to USD 39.00.

Second-quarter sales reached USD 941.6 million

Gates delivered second-quarter 2026 sales of USD 941.6 million, an increase of 6.6 percent from the prior-year quarter. Adjusted earnings per share reached USD 0.44, compared with a USD 0.40 consensus estimate, while adjusted EBITDA was USD 211.4 million and the adjusted EBITDA margin was 22.5 percent, according to Zacks.

The result was broad rather than concentrated in one division. Power Transmission generated USD 588.5 million of sales with 5.3 percent core growth, while Fluid Power sales reached USD 353.1 million and core sales rose 4.2 percent in Q2 2026.

Guidance points to a stronger second half

Gates raised its 2026 outlook to core sales growth of 2.5 percent to 4.5 percent, adjusted EBITDA of USD 800 million to USD 830 million and adjusted EPS of USD 1.62 to USD 1.70. The company also targets an adjusted EBITDA margin of at least 23.5 percent in the second half of 2026, Zacks reported.

The counter-factor is uneven demand. South American core sales declined 10.6 percent year over year in Q2 2026, while distributor inventories remained lean, leaving the raised targets dependent on end-market demand and margin execution.

Gates Industrial stock approaches October results

Gates Industrial stock was last at USD 28.25 on October 6, 2026, within its 52-week range of USD 20.88 to USD 30.34. The next company checkpoint is October 30, 2026, when Gates plans to release third-quarter results before the market opens, according to PR Newswire.