On Friday, Goodyear Tire & Rubber GT will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
Wall Street analysts see Goodyear Tire & Rubber reporting earnings of 61 cents per share on sales of $3.84 billion.
In the same quarter last year, Goodyear Tire & Rubber announced EPS of 70 cents on revenue of $3.69 billion. Analysts estimate would represent a 12.86 percent decrease in the company's earnings. Revenue would be up 4.18 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 0.46 | 0.74 | 0.68 | 0.73 |
| EPS Actual | 0.5 | 0.99 | 0.7 | 0.7 |
Stock Performance
Over the past 52-week period, shares of Goodyear Tire & Rubber have declined 38.45 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Goodyear Tire & Rubber stock is a Neutral. The validity of this rating has maintained conviction over the past 90 days.
Conference Call
Goodyear Tire & Rubber's Q2 conference call is scheduled to begin at 9:00 a.m. ET and can be accessed here: https://edge.media-server.com/m6/p/j77ios3d
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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