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Stock impact report

Spotting Winners: Gates Industrial Corporation (NYSE:GTES) And Engineered Components and Systems Stocks In Q2 [Yahoo! Finance]

Gates Industrial Corporation plc Ordinary Shares (GTES) 
Last gates industrial corporation plc ordinary shares earnings: 2/4 04:10 pm Check Earnings Report
US:NYSE Investor Relations: gates.com/about-us/investor-relations
Company Research Source: Yahoo! Finance
Engineered components and systems companies possess technical know-how in sometimes narrow areas such as metal forming or intelligent robotics. Lately, automation and connected equipment collecting analyzable data have been trending, creating new demand. On the other hand, like the broader industrials sector, engineered components and systems companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies' offerings. The 13 engineered components and systems stocks we track reported a mixed Q2. As a group, revenues missed analysts' consensus estimates by 0.9% while next quarter's revenue guidance was 0.9% below. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. On the other hand, 2024 has been a bumpier ride as the market switches between optimism and pessimism around rate cuts and inflation. However, engi Show less Read more
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