Earnings Preview: Goodyear (GT) Q3 Earnings Expected to Decline

Core Viewpoint - Wall Street anticipates a year-over-year decline in Goodyear's earnings due to lower revenues, with a focus on how actual results will compare to estimates impacting stock price [1][2]. Earnings Expectations - Goodyear is expected to report quarterly earnings of $0.15 per share, reflecting a year-over-year decrease of 59.5% [3]. - Revenue projections stand at $4.63 billion, indicating a decline of 3.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 24.84% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Goodyear currently holds a Zacks Rank of 5, complicating predictions for an earnings beat [12]. Historical Performance - In the last reported quarter, Goodyear was expected to earn $0.37 per share but instead reported a loss of -$0.17, resulting in a surprise of -145.95% [13]. - Over the past four quarters, Goodyear has beaten consensus EPS estimates twice [14]. Conclusion - Goodyear does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors before making investment decisions [17].