Cooper Tire & Rubber Company , engaged in the design, manufacture, marketing and sale of tires, delivered adjusted earnings of 16 cents per share in the first quarter of 2018 that missed the Zacks Consensus Estimate of 60 cents.
Revenues
Cooper Tire recorded net sales of $601 million, missing the Zacks Consensus Estimate of $643 million. The year-ago quarter’s net sales were $643 million also.
Estimate Trend & Surprise History
In fourth-quarter 2017, Cooper Tire reported negative earnings surprise of 19.4%. In fact, the company has beaten the Zacks Consensus Estimate in two of the trailing four quarters with an average beat of around 2.8%.
Zacks Rank
Cooper Tire currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Key Stats/Developments to Note
During the quarter, Cooper Tire’s consolidated unit volume declined 6.1% year over year, with decline in both the Americas and International segments.
The company expects 2018 operating profit margin guidance to remain similar to that of the previous guidance of 9–11%.
Check back later for our full write up on Cooper Tire’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Cooper Tire & Rubber's (CTB) Q1 Earnings Miss Estimate
Cooper Tire & Rubber Company , engaged in the design, manufacture, marketing and sale of tires, delivered adjusted earnings of 16 cents per share in the first quarter of 2018 that missed the Zacks Consensus Estimate of 60 cents.
Revenues
Cooper Tire recorded net sales of $601 million, missing the Zacks Consensus Estimate of $643 million. The year-ago quarter’s net sales were $643 million also.
Estimate Trend & Surprise History
In fourth-quarter 2017, Cooper Tire reported negative earnings surprise of 19.4%. In fact, the company has beaten the Zacks Consensus Estimate in two of the trailing four quarters with an average beat of around 2.8%.
Cooper Tire & Rubber Company Price and EPS Surprise
Cooper Tire & Rubber Company Price and EPS Surprise | Cooper Tire & Rubber Company Quote
Zacks Rank
Cooper Tire currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Key Stats/Developments to Note
During the quarter, Cooper Tire’s consolidated unit volume declined 6.1% year over year, with decline in both the Americas and International segments.
The company expects 2018 operating profit margin guidance to remain similar to that of the previous guidance of 9–11%.
Check back later for our full write up on Cooper Tire’s earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>