Core Insights - Goodyear reported revenue of $5.12 billion for Q4 2023, a decrease of 4.8% year-over-year, and an EPS of $0.47, up from $0.07 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $5.35 billion by 4.42%, while the EPS exceeded the consensus estimate of $0.33 by 42.42% [1] Performance Metrics - Tire units sold in the Americas were 23.1 million, below the average estimate of 24.58 million [2] - Tire units sold in Asia Pacific were 9.9 million, exceeding the average estimate of 9.29 million [2] - Tire units sold in Europe, the Middle East, and Africa were 12.4 million, slightly above the average estimate of 12.41 million [2] - Total tire units sold were 45.4 million, below the average estimate of 46.27 million [2] - Net sales in the Americas were $3.07 billion, below the average estimate of $3.32 billion, representing a year-over-year decline of 9.8% [2] - Net sales in Asia Pacific were $650 million, exceeding the average estimate of $630.22 million, with a year-over-year increase of 6.6% [2] - Net sales in Eastern Europe, the Middle East, and Africa were $1.40 billion, slightly below the average estimate of $1.41 billion, with a year-over-year increase of 2.6% [2] Stock Performance - Goodyear shares have returned +2% over the past month, compared to the Zacks S&P 500 composite's +5.8% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission File Number: 1-1927 THE GOODYEAR TIRE & RUBBER COMPANY (Exact name of registrant as specified in its charter) Ohio 34-0253240 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Identification No.) 200 Innovation Way, Akron, Ohio 44316-0001 (Address of Principal ...

Group 1: Stock Performance and Price Targets - Goodyear (GT) closed at $13.46, with a 2% gain over the past four weeks, and a mean price target of $16.97 indicating a 26.1% upside potential [1] - The mean estimate includes six short-term price targets with a standard deviation of $2.61, suggesting variability in analyst expectations; the lowest estimate is $13 (3.4% decline), while the highest is $21 (56% increase) [1] Group 2: Analyst Consensus and Earnings Estimates - Analysts show a consensus that Goodyear will report better earnings than previously estimated, which strengthens the view of potential upside [2] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 10%, with no negative revisions, indicating positive earnings momentum [5] Group 3: Analyst Behavior and Price Target Reliability - Research indicates that price targets often mislead investors, as analysts may set overly optimistic targets due to business incentives [3] - A low standard deviation in price targets indicates high agreement among analysts about the stock's price movement direction, but should not be the sole basis for investment decisions [4]

AKRON, Ohio, Feb. 9, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) said today it will participate in a fireside chat during Wolfe Research's Global Auto and Auto Tech Conference on Feb. 15, 2024, at 1:40 p.m. EST. Rod Lache, managing director at Wolfe Research, will host Christina L. Zamarro, executive vice president and chief financial officer, in a fireside chat. A live webcast of the event will be available on the company's investor relations website: http://investor.goodyear.com. ...

Key PointsGoodyear is the nation's largest replacement tire company, benefitting from the electric vehicle (EV) tire tailwind.EVs tend to wear out tires 5X faster than gas-powered cars, usually requiring replacements from 10,000 to 30,000 miles compared to 55,000 to 75,000 miles for gas-engine vehicles.Goodyear has a new CEO from Stellantis and is considering selling or spinning off three non-core assets, including its chemical, Dunlop, and off-the-road segments.5 stocks we like better than Goodyear Tire & ...

Company Announcement - Goodyear Tire & Rubber Company has appointed Greg Shank as the senior director of Investor Relations, reporting to Christina Zamarro, the executive vice president and Chief Financial Officer [1] - Christina Zamarro highlighted Greg Shank's deep knowledge of the business and strong communication skills, which will benefit the investment community [1] - Christian Gadzinski, the previous senior director of Investor Relations, will transition to a new role supporting Goodyear's Commercial Tire business in North America [1] Background of Greg Shank - Prior to his new role, Greg Shank served as the director of Financial Planning & Analysis for the Americas business unit and has been with Goodyear since 2008 [2] - Shank has held various finance roles within the Americas, contributing to his extensive experience in the company [2] Company Overview - Goodyear is one of the largest tire companies globally, employing approximately 74,000 people and operating 57 manufacturing facilities across 23 countries [3] - The company has two Innovation Centers located in Akron, Ohio, and Colmar-Berg, Luxembourg, focused on developing advanced products and services that set industry standards [3]

"The GP-3E is a tough, all-purpose tire for job sites with challenging environments that need versatility and traction," said Loic Ravasio, general manager, Goodyear Global & Americas OTR. "The innovative, lightweight design of the GP-3E tire helps drive efficiency and an optimized cost per hour for the job at hand." The GP-3E is equipped with the following features and benefits: New tread design balances traction and treadwear for a variety of applications. Multiple steel belt construction optimizes uptim ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

Goodyear (GT) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing ...

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment [1] Company Summaries - **Powell Industries, Inc. (POWL)**: The Zacks Consensus Estimate for its current year earnings has increased by 35.1% over the last 60 days [1] - **The Goodyear Tire & Rubber Company (GT)**: The Zacks Consensus Estimate for its current year earnings has increased by 40% over the last 60 days [1] - **Zuora, Inc. (ZUO)**: The Zacks Consensus Estimate for its current year earnings has increased by 23.8% over the last 60 days [1] - **GitLab Inc. (GTLB)**: The Zacks Consensus Estimate for its current year earnings has increased by 285.7% over the last 60 days [1] - **Snap Inc. (SNAP)**: The Zacks Consensus Estimate for its current year earnings has increased by 20% over the last 60 days [1]