Zacks Research Has Negative Forecast for GT Q4 Earnings

The Goodyear Tire & Rubber Company (NASDAQ:GT) – Research analysts at Zacks Research lowered their Q4 2024 earnings per share estimates for shares of Goodyear Tire & Rubber in a research report issued to clients and investors on Monday, November 25th. Zacks Research analyst R. Department now expects 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.

Goodyear Tire & Rubber (NASDAQ:GT) last posted 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 positive return on equity of 6.66% and a negative net margin of 1.56%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.96 billion. During the same period last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis.

Several other analysts have also recently commented on GT. StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Wolfe Research cut Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th.

Goodyear Tire & Rubber Stock Down 0.3 %

Goodyear Tire & Rubber stock opened at $10.10 on Wednesday. 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 stock has a 50 day moving average of $8.70 and a two-hundred day moving average of $9.93. Goodyear Tire & Rubber has a twelve month low of $7.27 and a twelve month high of $15.24.

Hedge Funds Weigh In On Goodyear Tire & Rubber

Several hedge funds have recently bought and sold shares of GT. Family Firm Inc. purchased a new position in Goodyear Tire & Rubber in the 2nd quarter valued at approximately $26,000. Mather Group LLC. increased its position in Goodyear Tire & Rubber by 4,526.3% during the second quarter. Mather Group LLC. now owns 2,637 shares of the company’s stock worth $30,000 after buying an additional 2,580 shares in the last quarter. Sound Income Strategies LLC increased its position in 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 buying an additional 3,778 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new position in Goodyear Tire & Rubber during the second quarter worth $40,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Goodyear Tire & Rubber during the third quarter worth $45,000. 84.19% of the stock is owned by hedge funds and other 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.