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 ...

For the quarter ended December 2023, Goodyear (GT) reported revenue of $5.12 billion, down 4.8% over the same period last year. EPS came in at $0.47, compared to $0.07 in the year-ago quarter.The reported revenue represents a surprise of -4.42% over the Zacks Consensus Estimate of $5.35 billion. With the consensus EPS estimate being $0.33, the EPS surprise was +42.42%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

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 ...

Goodyear (GT) closed the last trading session at $13.46, gaining 2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $16.97 indicates a 26.1% upside potential.The mean estimate comprises six short-term price targets with a standard deviation of $2.61. While the lowest estimate of $13 indicates a 3.4% decline from the current price level, the most optimistic analyst expects the stock ...

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 & ...