Goodyear swings to Q1 net loss as demand wanes; adj EPS meets estimates

Goodyear Tire & Rubber Co

06/05/2026 21:24

Overview

Global tire maker's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 met analyst expectations

Swings to adjusted net loss for Q1 and missed analyst estimates

Outlook

Goodyear expects increased pressure on industry demand and higher raw material costs in coming quarters

Company expects to deliver further cost savings to position for long-term value creation

Result Drivers

WEAK DEMAND - Co said Q1 was marked by weak consumer industry demand in both original equipment and replacement segments across key geographies

INFLATION AND COST PRESSURES - Higher inflation and other costs weighed on segment operating income, particularly in the Americas

COST SAVINGS INITIATIVES - Goodyear Forward delivered $107 mln of benefits, partially offsetting cost and volume pressures

Company press release: ID:nPn4zrFTba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$3.88 bln
$3.83 bln (6 Analysts)
Q1 Adjusted EPS
Meet
-$0.39
-$0.39 (6 Analysts)
Q1 Adjusted Net Income
Miss
-$112 mln
-$80.60 mln (3 Analysts)
Q1 Net Income
-$249 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "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 $9.37, about 32.3% above its May 5 closing price of $7.08

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)