Goodyear's long-term trend line suggests the stock is at the bottom of a 20-year trend, indicating potential for upward movement. The company has beaten earnings expectations for four consecutive quarters and is making progress in its Goodyear Forward plan. Significant asset sales and debt reduction efforts are expected to be fully appreciated by the market once deals close.
GT is set to gain from the acquisition of Cooper Tire, Goodyear Forward transformation plan electrification strides amid declining sales volume and rising capex.
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Goodyear (GT) reported earnings 30 days ago. What's next for the stock?
GT reports mixed third-quarter results and expects full-year 2024 capital expenditures to be $1.20 billion, down from the previous estimate of $1.25 billion.
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?