With 3.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.35 million shares. The 52-week range on GTES shows that it touched its highest point at $23.85 and its lowest point at $14.45 during that stretch. It currently has a 1-year price target of $26.45. Beta for the stock currently stands at 1.33.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GTES was down-trending over the past week, with a drop of -8.62%, but this was up by 5.19% over a month. Three-month performance dropped to -3.14% while six-month performance rose 18.80%. The stock gained 46.49% in the past year, while it has gained 3.55% so far this year. A look at the trailing 12-month EPS for GTES yields 0.74 with Next year EPS estimates of 1.69. For the next quarter, that number is 0.33. This implies an EPS growth rate of 4.05% for this year and 17.10% for next year. EPS is expected to grow by 10.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -20.79%.
Float and Shares Shorts:
At present, 255.20 million GTES shares are outstanding with a float of 252.61 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GTES since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.35568 being high and $1.3356 being low. For GTES, this leads to a yearly average estimate of $1.34564. Based on analyst estimates, the high estimate for the next quarter is $0.41 and the low estimate is $0.36. The average estimate for the next quarter is thus $0.38.
