Goodyear Tire & Rubber Co expected to post earnings of 13 cents a share - Earnings Preview

Goodyear Tire & Rubber

29/07/2024 22:20

* Goodyear Tire & Rubber Co  GT.OQ   GT.O  is expected
to show a
fall in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Akron Ohio-based  company is expected to report a
3.3% decrease in revenue to $4.78 billion from $4.94 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Goodyear Tire & Rubber
Co is
for earnings of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Goodyear
Tire &
Rubber Co is $14.10​, above​ its last closing price of $12.10.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.04        0.01       0.10      Beat    1,834.
                                                        2
 Jan. 1 2024   0.42        0.36       0.47      Beat    28.9
 Sep. 30 2023  0.15        0.19       0.36      Beat    85​
 Jun. 30 2023  0.15        0.16       -0.34     Missed  -308.4
 ​​Mar.        -0.28       -0.30      -0.29     Beat    2.5
 31 2023                                                
 Dec. 31 2022  0.06        0.06       0.07      Beat    16.7​
 Sep. 30 2022  0.53        0.54       0.40      Missed  -25.7
 Jun. 30 2022  0.37        0.36       0.46      Beat    26.7
 This summary was machine generated July 29 at 21:20 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)