Goodyear Tire & Rubber (GT) Expected to Announce Earnings on Monday

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) is expected to release its earnings data before the market opens on Monday, February 10th. Analysts expect Goodyear Tire & Rubber to post earnings of $0.29 per share and revenue of $4.91 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.25 by $0.12. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.96 billion. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business's revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 EPS. On average, analysts expect Goodyear Tire & Rubber to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goodyear Tire & Rubber Price Performance

NASDAQ GT traded up $0.03 during trading on Thursday, hitting $8.68. 3,784,378 shares of the stock traded hands, compared to its average volume of 4,607,201. The firm has a 50-day simple moving average of $9.28 and a 200-day simple moving average of $9.03. Goodyear Tire & Rubber has a 12-month low of $7.27 and a 12-month high of $14.00. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $2.47 billion, a P/E ratio of -8.35 and a beta of 1.79.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GT. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $10.00 target price on shares of Goodyear Tire & Rubber in a report on Friday, December 20th. StockNews.com downgraded Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $13.30.

Goodyear Tire & Rubber Company Profile

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.