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Goodyear (GT) to Report Q1 Results: Wall Street Expects Earnings Growth
ZACKS· 2025-04-28 15:06
Core Viewpoint - The market anticipates Goodyear (GT) to report a year-over-year increase in earnings despite lower revenues when it releases its results for the quarter ended March 2025 [1] Earnings Expectations - Goodyear is expected to post quarterly earnings of $0.21 per share, reflecting a year-over-year change of +110% [3] - Revenues are projected to be $4.4 billion, which is a decrease of 3.1% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 5.14% lower in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Goodyear is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -115.97% [10][11] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [7][8] - Goodyear currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11] Historical Performance - In the last reported quarter, Goodyear met the expected earnings of $0.39 per share, resulting in no surprise [12] - Over the past four quarters, Goodyear has beaten consensus EPS estimates two times [13] Conclusion - Goodyear does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of its earnings release [16]
Goodyear Gains Traction: Shares Climb as Key Catalysts Align
MarketBeat· 2025-04-07 11:46
Core Viewpoint - Goodyear Tire & Rubber Company's stock has shown significant strength, outperforming the broader market, driven by increased trading volume and investor interest [1][2][3]. Group 1: Stock Performance and Analyst Sentiment - The stock has gained over the past six months, reflecting a positive trajectory [2]. - Analysts have issued favorable rating changes, with a consensus rating of Moderate Buy based on six analysts, and a 12-month price target averaging $13.78, indicating a potential upside of 42.06% from the current price of $9.70 [7][8]. - Recent upgrades include Deutsche Bank raising its rating from Hold to Buy with a $13 target, TD Cowen initiating coverage with a Buy rating and a $14 target, and Argus upgrading from Hold to Buy with a $12 target [7]. Group 2: Strategic Positioning and Market Factors - Goodyear's stock rally is attributed to its perceived insulation from potential trade tariffs due to its substantial U.S. manufacturing footprint, contrasting with competitors reliant on imports [4][5]. - The company's focus on the replacement tire market, which constitutes 82% of its unit volume, positions it favorably if tariffs increase vehicle costs, potentially boosting demand for replacement tires [5]. Group 3: Turnaround Strategy and Financial Goals - Goodyear's strategic transformation plan, "Goodyear Forward," aims to deliver $1.5 billion in annual run-rate benefits by 2025, achieve a Segment Operating Income margin of 10%, and generate over $2 billion from portfolio optimization [10][11]. - The company reported $480 million in benefits from the plan for 2024, exceeding expectations, and is advancing in portfolio optimization, including the sale of its off-the-road tire business [11][12]. - Ongoing divestitures, including its chemical business and Dunlop brand rights, are part of efforts to simplify operations and reduce debt, which currently has a debt-to-equity ratio of around 1.30 [12]. Group 4: Market Challenges and Future Outlook - The stock's recent rally reflects a combination of strategic advantages and growing analyst confidence in the turnaround plan's execution [13][14]. - However, the company faces challenges such as volatile raw material costs, competition from lower-cost imports, and the evolving demands of the electric vehicle market, which will require effective management to sustain positive momentum [16].
Goodyear Tire & Rubber seen as tariffs winner, shares rise
Proactiveinvestors NA· 2025-04-03 16:22
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
The OG Goodyear Blimp Is Back
Prnewswire· 2025-04-01 12:01
Core Points - Goodyear celebrates the 100th anniversary of its blimp with a new vintage design inspired by its first branded blimp, Pilgrim [1][2][3] - The new design features a black and silver color scheme along with the blue and yellow Goodyear "house flag" [3][4] - The vintage wrap process will take several weeks, and Wingfoot One will make its first public appearance dressed as Pilgrim [4] Company Initiatives - Goodyear encourages fans to engage with the celebration by guessing the blimp's first appearance location and tagging @GoodyearBlimp on social media [5] - The official date for the blimp's 100th anniversary is June 3, 2025, with a 100+ city tour planned throughout the year [6] - Fans can enter a "Buy for a Chance to Fly" sweepstakes for a chance to win a passenger flight experience, with three winners receiving a flight certificate and a $3,000 travel voucher [7] Company Background - Goodyear is one of the world's largest tire companies, employing approximately 68,000 people and operating 53 facilities in 20 countries [8]
GT Resources Grants Annual Equity Incentives
Newsfile· 2025-04-01 01:00
Company Overview - GT Resources Inc. is a mineral exploration and development company focused on advancing magmatic sulphide copper, nickel, and PGE mining projects in Europe and North America [1] - The company's existing projects are located in Finland and Canada, featuring district-scale opportunities that have attracted strategic investment from a major mining company [1] Equity Incentives - The board of directors has approved the grant of various annual equity incentives, including: - 875,000 restricted share units (RSUs) to certain employees, advisors, and consultants, vesting over 3 years with a term of 5 years [5] - 3,000,000 deferred share units (DSUs) to certain officers and directors, exercisable upon departure from the company and vesting over 1 year [5] - 5,400,000 stock options to certain officers and directors, exercisable for five years at a price of $0.025 per common share, with 1/3 vesting immediately and 1/3 every 6 months thereafter [5] - 700,000 stock options to certain employees, advisors, and consultants, with the same terms as the options granted to officers and directors [5]
Trusted by Heroes, Chosen by Millions: Goodyear Celebrates 45 Years of Eagle Product Line
Prnewswire· 2025-03-26 14:13
Core Insights - The Eagle brand, associated with Goodyear, has a rich history in motorsports and high-performance tires, evolving from racing to consumer products [2][3][4] - The latest model, Eagle F1 Asymmetric 6, is designed to meet modern performance standards while addressing noise and emissions requirements, including those for electrified vehicles [10][11] Group 1: Historical Development - The Eagle name was first used for high-performance tires in 1980, marking Goodyear's commitment to the high-performance tire market [2] - The first official Eagle road tire was launched in 1981, followed by the Eagle VR50, which met European speed requirements of up to 130 mph (209 km/h) [4] - The Eagle F1 was developed for the McLaren F1, the world's fastest production car at the time, achieving a Guinness World Record speed of 240.1 mph (386.4 km/h) [7] Group 2: Product Evolution - The Eagle F1 Asymmetric series has evolved through various iterations, with the latest being the Eagle F1 Asymmetric 6, which incorporates advancements in tire technology [10] - The Eagle F1 SuperSport range, launched in 2019, includes ultra-high-performance variants designed for both road and track use [9][11] - Goodyear continues to collaborate with premium manufacturers, with Eagle F1 tires being standard on various high-performance vehicles, including models from Porsche and Ferrari [11][12] Group 3: Market Position - Goodyear is one of the largest tire companies globally, employing approximately 68,000 people and operating 53 facilities in 20 countries [12] - The company has two Innovation Centers focused on developing cutting-edge products and services that set industry standards [12]
Goodyear Tire's transformation plan is underway — in the sky and on the ground
CNBC· 2025-03-08 13:00
Core Insights - Goodyear Tire & Rubber Co. is undergoing a transformation plan called "Goodyear Forward," initiated by CEO Mark Stewart, aimed at improving efficiency and profitability amid increasing competition and technological changes [6][5][3] - The company is leveraging its iconic blimp as a marketing tool to enhance brand recognition and connect consumers with its tire products [2][3] Group 1: Transformation Plan - "Goodyear Forward" is a two-year plan targeting a 10% operating income margin, $1.5 billion in cost reductions, and $2 billion in asset sales [6] - The plan also includes reducing debt by $1.5 billion, net of approximately $1.1 billion for restructuring [6] - Goodyear is ahead of schedule on its benchmarks, having increased cost cuts by $200 million [8] Group 2: Financial Performance - Goodyear has reported five consecutive quarters of margin growth and its best retail performance in over 20 years [9] - Despite a 17% boost in shares following the 2024 results, the stock is down 30.3% since the announcement of the transformation plan [10] - The company’s stock is rated overweight with a target price of $11.47 per share, reflecting a belief in potential growth despite past inconsistencies [33] Group 3: Market Challenges - Goodyear faces increased competition from low-cost tire manufacturers, particularly from Southeast Asia, which has impacted the consumer replacement market [25][26] - The company is also navigating geopolitical uncertainties, including tariffs that could affect its North American operations [17][5] Group 4: Technological Advancements - Goodyear is investing in artificial intelligence and 3D printing to enhance product development and production efficiency [7][32] - The company is modernizing its facilities, including a significant expansion in Oklahoma to increase production capacity by 10 million units annually [22] Group 5: Global Operations - Goodyear operates 53 facilities in 20 countries, with major manufacturing in the Americas, Asia-Pacific, and Europe [17] - The Asia-Pacific segment saw a 37% increase in operating income last year, highlighting its growth potential compared to challenges faced by Western automakers [23]
Goodyear Tire & Rubber Company Remains Significantly Undervalued
Seeking Alpha· 2025-02-26 23:16
Group 1 - The investment strategy involves a highly concentrated portfolio, typically not exceeding 10 individual holdings, with some holdings representing 20% or more of total assets [1] - Crude Value Insights focuses on cash flow and companies that generate it, emphasizing value and growth prospects in the oil and natural gas sector [1] - Subscribers have access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas investment community [3]
Here's How Investors Should Approach Goodyear Tire Stock Now
ZACKS· 2025-02-24 18:50
Goodyear Tire (GT) is one of the world’s leading manufacturers of tires engaged in the development, production, distribution and sale of tires for various applications. It also deals in rubber-related chemicals and is a major player in commercial truck services and tire retreading. With a global presence spanning 53 manufacturing facilities across 20 countries and approximately 800 retail outlets, Goodyear owns several well-known tire brands, including Cooper, Dunlop, Kelly, Mastercraft and Debica.However, ...
Goodyear Surges 17% Since Reporting In-Line Q4 Earnings
ZACKS· 2025-02-18 16:20
Shares of Goodyear Tire (GT) gained 17.3% since the company reported fourth-quarter 2024 results on Thursday. It reported fourth-quarter 2024 adjusted earnings per share (EPS) of 39 cents, in line with the Zacks Consensus Estimate. The company reported EPS of 47 cents in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company generated net revenues of $4.95 billion, which declined 3.3% on a year-over-year basis due to lower volume but beat the Zacks Consensus ...