Analysts Estimate Goodyear (GT) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in Goodyear's earnings and revenues for the quarter ended December 2024, with actual results being crucial for stock price movement [1][3]. Earnings Expectations - Goodyear is expected to report quarterly earnings of $0.40 per share, reflecting a year-over-year decrease of 14.9% [3]. - Revenues are projected to be $4.92 billion, down 3.8% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 43.93% over the last 30 days, indicating a bearish sentiment among analysts [4]. - The Most Accurate Estimate for Goodyear is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -20.02% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likelihood of actual earnings deviating from consensus estimates, with positive readings being more predictive of earnings beats [7][8]. - Goodyear's current Zacks Rank is 4, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, Goodyear exceeded expectations by delivering earnings of $0.37 per share against an expected $0.25, resulting in a surprise of +48% [12]. - Over the past four quarters, Goodyear has beaten consensus EPS estimates three times [13]. Conclusion - Goodyear does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors may influence stock performance [16].