We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Goodyear Tire & Rubber Company (GT - Free Report) is a leading manufacturer, retailer and distributor of tires and rubber-related chemicals for various applications.
Earnings
In the first-quarter, Goodyear reported adjusted earnings of 50 cents per share, beating the Zacks Consensus Estimate of 44 cents. The adjusted earnings in the year-ago quarter were 74 cents.
Revenues
Goodyear reported net revenue of $3.83 billion, higher than $3.70 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $3.81 billion.
Estimate Trend & Surprise History
In three out of the four trailing quarters, Goodyear reported positive earnings surprise while missing the estimate on one occasion. The company has delivered average earnings surprise of around 12.7%.
The Goodyear Tire & Rubber Company Price and EPS Surprise
Check back later for our full write up on Goodyear’s earnings report!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Goodyear (GT) Q1 Earnings & Revenues Beat Estimates
The Goodyear Tire & Rubber Company (GT - Free Report) is a leading manufacturer, retailer and distributor of tires and rubber-related chemicals for various applications.
Earnings
In the first-quarter, Goodyear reported adjusted earnings of 50 cents per share, beating the Zacks Consensus Estimate of 44 cents. The adjusted earnings in the year-ago quarter were 74 cents.
Revenues
Goodyear reported net revenue of $3.83 billion, higher than $3.70 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $3.81 billion.
Estimate Trend & Surprise History
In three out of the four trailing quarters, Goodyear reported positive earnings surprise while missing the estimate on one occasion. The company has delivered average earnings surprise of around 12.7%.
The Goodyear Tire & Rubber Company Price and EPS Surprise
The Goodyear Tire & Rubber Company Price and EPS Surprise | The Goodyear Tire & Rubber Company Quote
Key Stats/Developments to Note
Goodyear reaffirms its 2018 operating income guidance and expects it to be within the band $1.8 billion to $1.9 billion.
The company has also confirmed its 2020 segment operating income target of $2 to $2.4 billion.
Zacks Rank
Goodyear holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Goodyear’s earnings report!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>