Goodyear (GT) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Goodyear reported $4.57 billion in revenue for Q2 2024, a year-over-year decline of 6.1% [1] - The EPS for the quarter was $0.19, a significant improvement from -$0.34 a year ago [1] - Revenue fell short of the Zacks Consensus Estimate by 4.67%, while EPS exceeded expectations by 111.11% [1] Revenue and Earnings Performance - Total tire units sold were 40.1 million, below the average estimate of 40.77 million [6] - Net sales in the Americas were $2.70 billion, compared to the average estimate of $2.87 billion, reflecting an 8.2% year-over-year decline [7] - Net sales in Asia Pacific reached $594 million, slightly below the average estimate of $604.36 million, with a year-over-year increase of 1.2% [8] - Net sales in Europe, Middle East, and Africa were $1.28 billion, just under the average estimate of $1.30 billion, showing a year-over-year decline of 4.6% [9] Market Performance - Goodyear shares have returned +4% over the past month, outperforming the Zacks S&P 500 composite, which declined by -0.4% [9] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [9]