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]

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. ...