Zacks Research Has Pessimistic Outlook of GT Q4 Earnings

The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) - Stock analysts at Zacks Research dropped their Q4 2024 EPS estimates for shares of Goodyear Tire & Rubber in a note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.55. The consensus estimate for Goodyear Tire & Rubber's current full-year earnings is $1.08 per share. Zacks Research also issued estimates for Goodyear Tire & Rubber's Q4 2025 earnings at $0.33 EPS, Q2 2026 earnings at $0.57 EPS and Q3 2026 earnings at $0.54 EPS.

Several other research firms also recently commented on GT. StockNews.com downgraded Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Wolfe Research downgraded shares of Goodyear Tire & Rubber from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 5th.

Goodyear Tire & Rubber Stock Performance

Shares of NASDAQ GT traded up $0.51 during trading hours on Wednesday, hitting $10.61. 5,845,797 shares of the company's stock were exchanged, compared to its average volume of 4,306,960. Goodyear Tire & Rubber has a 1-year low of $7.27 and a 1-year high of $15.24. The company's 50-day moving average price is $8.74 and its 200-day moving average price is $9.91. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -10.12 and a beta of 1.69. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.14 and a quick ratio of 0.65.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.12. Goodyear Tire & Rubber had a negative net margin of 1.56% and a positive return on equity of 6.66%. The business had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.96 billion. During the same period in the previous year, the company earned $0.36 earnings per share. Goodyear Tire & Rubber's revenue for the quarter was down 6.2% on a year-over-year basis.

Institutional Investors Weigh In On Goodyear Tire & Rubber

A number of institutional investors and hedge funds have recently modified their holdings of GT. Family Firm Inc. bought a new position in Goodyear Tire & Rubber during the 2nd quarter worth approximately $26,000. Mather Group LLC. grew its stake in Goodyear Tire & Rubber by 4,526.3% in the second quarter. Mather Group LLC. now owns 2,637 shares of the company's stock valued at $30,000 after acquiring an additional 2,580 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Goodyear Tire & Rubber by 2,122.5% during the third quarter. Sound Income Strategies LLC now owns 3,956 shares of the company's stock worth $35,000 after acquiring an additional 3,778 shares during the period. Beach Investment Counsel Inc. PA acquired a new stake in Goodyear Tire & Rubber in the 2nd quarter valued at approximately $40,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Goodyear Tire & Rubber in the third quarter worth $45,000. 84.19% of the stock is owned by institutional investors.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.