Goodyear Tire & Rubber Co reports results for the quarter ended December 31 - Earnings Summary

Goodyear Tire & Rubber

14/02/2025 24:23

* Goodyear Tire & Rubber Co  GT.OQ  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 47 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 31 cents per
share. Wall Street expected results to range from 19 cents to 43
cents per share.
    * Revenue fell 3.3% to $4.95 billion from a year ago;
analysts
expected $4.87 billion. 
    * Goodyear Tire & Rubber Co's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $76 million.
    * Goodyear Tire & Rubber Co shares had fallen by 8.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the tires &
rubber
products peer group is also "hold"

Wall Street's median 12-month price target for Goodyear Tire &
Rubber Co is $10.10 
This summary was machine generated from LSEG data February 14 at
12:23 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.31           0.39           Beat
 Sep. 30 2024      0.21           0.37           Beat
 Jun. 30 2024      0.13           0.19           Beat
 Mar. 31 2024      0.01           0.10           Beat