Rubber - Tires

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Goodyear (GT) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2025-08-07 23:26
Financial Performance - Goodyear reported a quarterly loss of $0.17 per share, missing the Zacks Consensus Estimate of $0.37, and compared to earnings of $0.19 per share a year ago, representing an earnings surprise of -145.95% [1] - The company posted revenues of $4.47 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 0.83%, and down from $4.57 billion year-over-year [2] - Over the last four quarters, Goodyear has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance and Outlook - Goodyear shares have increased approximately 10.4% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.50 on revenues of $4.82 billion, and for the current fiscal year, it is $1.31 on revenues of $18.57 billion [7] Industry Context - The Rubber - Tires industry, to which Goodyear belongs, is currently ranked in the bottom 6% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Goodyear's stock performance [5] - The unfavorable trend in estimate revisions prior to the earnings release has resulted in a Zacks Rank 5 (Strong Sell) for Goodyear, suggesting expected underperformance in the near future [6]
Are Auto-Tires-Trucks Stocks Lagging Aisin Seiki (ASEKY) This Year?
ZACKS· 2025-06-20 14:41
Group 1: Company Performance - Aisin Seiki Co. Ltd. Unsponsored ADR (ASEKY) has gained approximately 24.3% year-to-date, outperforming the average loss of 14.7% in the Auto-Tires-Trucks sector [4] - The Zacks Consensus Estimate for ASEKY's full-year earnings has increased by 30.4% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [4] - ASEKY currently holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for future performance [3] Group 2: Industry Context - Aisin Seiki Co. Ltd. is part of the Automotive - Original Equipment industry, which ranks 97 in the Zacks Industry Rank, with stocks in this group having lost about 0.4% year-to-date [6] - In contrast, Michelin (MGDDY), another stock in the Auto-Tires-Trucks sector, has increased by 11.4% year-to-date and belongs to the Rubber - Tires industry, which ranks 4 and has gained 16.8% since the beginning of the year [5][7]
Goodyear (GT) Reports Q1 Loss, Lags Revenue Estimates
ZACKS· 2025-05-07 23:45
Core Insights - Goodyear reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.06, compared to earnings of $0.10 per share a year ago, indicating an earnings surprise of 33.33% [1] - The company posted revenues of $4.25 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.37%, and down from $4.54 billion year-over-year [2] - Goodyear shares have increased by approximately 21.8% since the beginning of the year, contrasting with a decline of 4.7% in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $4.5 billion, and for the current fiscal year, it is $1.45 on revenues of $18.48 billion [7] - The estimate revisions trend for Goodyear is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Rubber - Tires industry, to which Goodyear belongs, is currently in the top 9% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]
Are Auto-Tires-Trucks Stocks Lagging Aeva Technologies (AEVA) This Year?
ZACKS· 2025-04-14 14:46
Group 1 - Aeva Technologies, Inc. (AEVA) has shown strong year-to-date performance, with a return of approximately 54.3%, significantly outperforming the average return of -27.5% for the Auto-Tires-Trucks sector [4] - The Zacks Rank for Aeva Technologies is currently 2 (Buy), indicating positive analyst sentiment and an improving earnings outlook [3][4] - Aeva belongs to the Automotive - Original Equipment industry, which has seen a decline of about 13.6% this year, further highlighting AEVA's superior performance within its industry [6] Group 2 - Michelin (MGDDY) is another stock in the Auto-Tires-Trucks sector that has outperformed, with a year-to-date increase of 3.1% and a Zacks Rank of 1 (Strong Buy) [5][7] - The consensus EPS estimate for Michelin has increased by 10.9% over the past three months, reflecting positive analyst sentiment [5] - The Rubber - Tires industry, to which Michelin belongs, has performed well with a year-to-date increase of 7.4% [6]