It has been about a month since the last earnings report for Goodyear (GT) . Shares have added about 9.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Goodyear due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Goodyear Q4 Earnings Beat EstimatesGoodyear delivered ...

The Women MAKE Awards recognize outstanding women in manufacturing and encourage them to mentor the next generation through an annual awards gala and leadership training program. The awards are part of MI's Women MAKE initiative, which aims to empower and inspire women in the industry and close the gender gap in manufacturing. As Director of Government Compliance and Product Performance, Brandy Moorhead leads the effort in monitoring field performance and continuous improvement of product performance while ...

Winners highlight the important role truckers play in keeping our highways safe by going above and beyond to help those in needAKRON, Ohio, March 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today announced two winners in the 40th anniversary Goodyear Highway Hero program. Since 1983, Goodyear has recognized commercial drivers who go above and beyond their regular duties to keep our highways safe by acting courageously for the good of others on roadways across the U.S. and Canada. ...

New Goodyear RangeMax™ RSA® ULT and RangeMax™ RTD™ ULT tires balance traction, range* and mileage for work vehiclesAKRON, Ohio, March 4, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today introduced two additions to its portfolio of Goodyear RangeMax tires: the RangeMax™ RSA® ULT and the RangeMax™ RTD™ ULT. Engineered for electric and gas- or diesel-powered regional work vehicles, the latest Goodyear RangeMax tires are a steer-drive combo offering Goodyear's best regional pickup and ...

bauhaus1000/iStock Unreleased via Getty Images Goodyear Tire & Rubber Co. (NASDAQ:GT) is an iconic American tire company, and it is also well known for its blimps. The company offers tires under the Goodyear brand, as well as under the Dunlop and Kelly brand names. The shares recently plunged after the company released earnings, and it seems the market has overreacted to these financial results. I believe this short-term thinking by some investors has created a buying opportunity. Let's take a closer lo ...

Goodyear Tire (GT) delivered fourth-quarter 2023 adjusted earnings per share (EPS) of 47 cents, surpassing the Zacks Consensus Estimate of 33 cents and increasing from 7 cents reported in the year-ago quarter.The company generated net revenues of $5.12 billion, falling 4.8% on a year-over-year basis and missing the Zacks Consensus Estimate of $5.35 billion due to lower replacement volume & third-party chemical sales.In the reported quarter, tire volume was 45.4 million units, down 3.8% from the year-ago per ...

That squealing of brakes you heard on the stock market this week was the nearly double-digit skid of Goodyear Tire & Rubber's (GT 4.61%) shares. According to data from S&P Global Market Intelligence, they were down almost 9% week to date as of Thursday night. An uninspiring quarterly earnings report and subsequent analyst price target trims had much to do with that.The fourth quarter was mixedAfter market hours on Monday, Goodyear published the figures from its final quarter of 2023, in addition to those fo ...

The Goodyear Tire & Rubber Company (NASDAQ:GT) Q4 2023 Earnings Conference Call February 13, 2024 8:30 AM ET Company Participants Mark Stewart - President and Chief Executive Officer Christina Zamarro - Executive Vice President and Chief Financial Officer Conference Call Participants Rod Lache - Wolfe Research James Picariello - BNP Paribas Emmanuel Rosner - Deutsche Bank Operator Good morning. My name is Nikki, and I will be your conference operator today. At this time, I would like to welcome everyone to ...

Goodyear Tire & Rubber's (GT -13.76%) quarterly earnings came in better than expected, but the company still has a lot of work to do before it returns to the fast lane. Shares of Goodyear traded down about 13% as of 10:30 a.m. ET after the company detailed the challenges it sees up ahead.A bad year for tire demandThe automotive market is sputtering, which is having an impact on demand for tires. Goodyear reported fourth-quarter earnings of $0.47 per share, beating the $0.36-per-share consensus thanks to str ...

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]