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Bloomberg· 2025-08-08 05:12
Financial Impact - Toyo Tire plans to absorb a $85.6 million tariff impact [1] Operational Strategy - The company intends to mitigate the tariff impact through price adjustments [1] - A production mix overhaul is planned to offset the tariff [1] - A change in manufacturing strategy will be implemented [1]
Goodyear (GT) Earnings Expected to Grow: What to Know Ahead of Q2 Release
ZACKS· 2025-07-23 15:00
Core Viewpoint - Goodyear (GT) is anticipated to report a year-over-year increase in earnings despite a decline in revenues for the quarter ended June 2025, with the actual results being crucial for its near-term stock price movement [1][3]. Earnings Expectations - The consensus estimate for Goodyear's quarterly earnings is $0.37 per share, reflecting a significant year-over-year increase of +94.7%, while revenues are projected to be $4.52 billion, a decrease of 1% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 2.88%, indicating a collective reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Goodyear is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -67.57%, suggesting a bearish sentiment among analysts [12]. Historical Performance - In the last reported quarter, Goodyear was expected to post a loss of $0.06 per share but actually reported a loss of -$0.04, achieving a surprise of +33.33%. Over the past four quarters, the company has beaten consensus EPS estimates three times [13][14]. Investment Considerations - Despite the potential for an earnings beat, Goodyear does not currently appear to be a compelling candidate for such an outcome, and investors should consider other factors before making investment decisions [17].
CARBIOS enters the r-PET market for tire textile filaments
Globenewswire· 2025-07-21 15:45
Core Insights - CARBIOS has signed a multi-year commercial agreement with Indorama Ventures for the supply of biorecycled monomers, which will be transformed into r-PET filaments for Michelin tires [1][7] - This agreement signifies a strategic commitment to convert complex PET waste into high-performance materials, leveraging CARBIOS' enzymatic recycling technology [2][4] - The partnership is part of CARBIOS' pre-commercialization efforts for its Longlaville plant, following recent sales contracts with global cosmetics leaders [3][4] Company Overview - CARBIOS is a biotechnology company focused on developing biological solutions for plastic and textile lifecycle management, with a mission to prevent pollution and promote a circular economy [6] - The company has operationalized its industrial demonstration plant for biorecycling since 2021 and plans to resume construction of the world's first biorecycling plant in the second half of 2025, pending additional funding [6] - Indorama Ventures is a leading sustainable petrochemicals producer with a revenue of $15.4 billion in 2024, focusing on innovative and circular materials across various essential markets [9] - Michelin, a global leader in engineered materials, aims to integrate enzymatically recycled r-PET into its products as part of its commitment to achieving 100% renewable and recycled materials by 2050 [10]
Future Service Puppies Take Their First Big Adventure with Goodyear Onboard the ICONIC Blimp
Prnewswire· 2025-06-12 12:00
Company Overview - Goodyear is one of the world's largest tire companies, employing approximately 68,000 people and operating 53 facilities across 20 countries [7] - Canine Companions is a national nonprofit organization that has been empowering people with disabilities for 50 years, having placed over 8,200 service dogs at no cost to clients [8] - Peanuts, created by Charles M. Schulz, has been a significant part of popular culture since its debut in 1950, with various media and consumer products associated with the brand [9] Industry Milestones - The Goodyear Blimp is celebrating its 100th anniversary, while Peanuts marks its 75th anniversary and Canine Companions celebrates 50 years of service [3][4] - Canine Companions has transformed the lives of individuals with disabilities through expertly trained service dogs, highlighting the importance of partnerships with brands like Peanuts and Goodyear [4] Training and Development - Puppies destined to become service dogs will undergo training with volunteer puppy raisers who provide loving homes and ensure proper care [5][6] - The training process includes obedience classes and socialization opportunities over 16 to 18 months, laying the foundation for professional service dog training [6]
Best Momentum Stocks to Buy for April 14th
ZACKS· 2025-04-14 15:00
Core Insights - Three stocks with strong momentum and buy rank are highlighted for investors: Michelin, Allianz SE, and Engie SA [1][2][3] Group 1: Michelin - Michelin (MGDDY) has a Zacks Rank 1 and a 15.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - Michelin's shares increased by 0.8% in the last three months, while the S&P 500 declined by 9.9% [1] - The company has a Momentum Score of A [1] Group 2: Allianz SE - Allianz SE (ALIZY) also holds a Zacks Rank 1 with a 5.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - Allianz's shares rose by 21.5% over the last three months, contrasting with the S&P 500's decline of 9.9% [2] - The company has a Momentum Score of B [2] Group 3: Engie SA - Engie SA (ENGIY) has a Zacks Rank 1 and a 9.2% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2][3] - Engie's shares gained 26.8% over the last three months, while the S&P 500 declined by 9.9% [3] - The company possesses a Momentum Score of A [3]