Review Goodyear's (GT) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
The timeless auto-parts company posted strong bottom-line growth.
The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q3 2024 Earnings Call Transcript November 5, 2024 8:30 AM ET Company Participants Greg Shank - Senior Director, IR Mark Stewart - CEO and President Christina Zamarro - EVP and CFO Conference Call Participants John Healy - Northcoast Research James Picariello - BNP Paribas Douglas Karson - Bank of America Ryan Brinkman - JPMorgan Emmanuel Rosner - Wolfe Research Ross MacDonald - Morgan Stanley Operator Good morning. My name is Shelby, and I will be your conference operator today.
While the top- and bottom-line numbers for Goodyear (GT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Goodyear (GT) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.36 per share a year ago.
Nathaniel Madarang, Asia-Pacific president at the tire company, explains why it will continue to invest in China.
Goodyear (GT) reported earnings 30 days ago. What's next for the stock?
GT's weaker commercial truck business, high debt level and rising capital expenditure cast doubt on its prospects.
Tire manufacturer Good Year Tire & Rubber Co. NASDAQ: GT has not had a very good year. Shares recently hit 52-week lows at $7.63, trading down 40.2% year-to-date (YTD).
Goodyear (GT) reports mixed second-quarter results and expects a benefit of $260 million on raw material costs in 2024, down from the previous estimate of a benefit of $325-$350 million.
The Canadian unit of Goodyear Tire & Rubber Co will invest over C$575 million ($418.4 million) to upgrade its plant in Napanee, Ontario, Prime Minister Justin Trudeau said on Monday.
Examine the evolution of Goodyear's (GT) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.