Goodyear Tire & Rubber Company misses Q3 sales estimates

Goodyear Tire & Rubber

03/11/2025 21:38

Overview

Goodyear Q3 2025 net sales missed analyst expectations

Adjusted EPS for Q3 2025 beats consensus, reflecting strong operational performance

Company completed $650 mln sale of Chemical business, aiding deleveraging

Outlook

Goodyear expects $1.5 bln annualized run-rate benefits by year-end 2025

Company anticipates further earnings acceleration in Q4 2025

Result Drivers

GOODYEAR FORWARD - Co attributes $185 mln in benefits to Goodyear Forward initiative, aiding segment operating income

DIVESTITURES - Completion of Chemical business sale and other divestitures contributed to deleveraging

VOLUME DECLINE - Lower tire volumes impacted segment operating income, partly due to high channel inventories in U.S.

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$4.60 bln
$4.67 bln (8 Analysts)
Q3 Adjusted EPS
Beat
$0.28
$0.22 (6 Analysts)
Q3 Adjusted Net Income
Beat
$82 mln
$64 mln (6 Analysts)
Q3 Net Income
-$2.20 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the tires & rubber products peer group is "buy"

Wall Street's median 12-month price target for Goodyear Tire & Rubber Co is $9.90, about 30.4% above its October 31 closing price of $6.89

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nPn4wkqVa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)