Goodyear (GT) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Goodyear reported revenue of $5.12 billion for Q4 2023, a decrease of 4.8% year-over-year, and an EPS of $0.47, up from $0.07 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $5.35 billion by 4.42%, while the EPS exceeded the consensus estimate of $0.33 by 42.42% [1] Performance Metrics - Tire units sold in the Americas were 23.1 million, below the average estimate of 24.58 million [2] - Tire units sold in Asia Pacific were 9.9 million, exceeding the average estimate of 9.29 million [2] - Tire units sold in Europe, the Middle East, and Africa were 12.4 million, slightly above the average estimate of 12.41 million [2] - Total tire units sold were 45.4 million, below the average estimate of 46.27 million [2] - Net sales in the Americas were $3.07 billion, below the average estimate of $3.32 billion, representing a year-over-year decline of 9.8% [2] - Net sales in Asia Pacific were $650 million, exceeding the average estimate of $630.22 million, with a year-over-year increase of 6.6% [2] - Net sales in Eastern Europe, the Middle East, and Africa were $1.40 billion, slightly below the average estimate of $1.41 billion, with a year-over-year increase of 2.6% [2] Stock Performance - Goodyear shares have returned +2% over the past month, compared to the Zacks S&P 500 composite's +5.8% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]