Goodyear Tire & Rubber Co reports results for the quarter ended in September 30 - Earnings Summary

Goodyear Tire & Rubber

05/11/2024 08:00

* Goodyear Tire & Rubber Co  GT.OQ  reported quarterly
adjusted
earnings of 37 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 36 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 21 cents per
share. Wall Street expected results to range from -2 cents to 33
cents per share.
    * Revenue fell 6.2% to $4.82 billion from a year ago;
analysts
expected $4.94 billion. 
    * Goodyear Tire & Rubber Co's reported EPS for the quarter
was a
loss of 12 cents​.
    * The company reported a quarterly loss of $34 million.
    * Goodyear Tire & Rubber Co shares had fallen by 8.2% this
quarter and lost 43.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the tires &
rubber
products peer group is  "hold."

Wall Street's median 12-month price target for Goodyear Tire &
Rubber Co is 10.20 
This summary was machine generated from LSEG data November 5 at
08:00 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
 Sep. 30 2024      0.21           0.37           Beat
 Jun. 30 2024      0.13           0.19           Beat
 Mar. 31 2024      0.01           0.10           Beat
 Dec. 31 2023      0.36           0.47           Beat