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 Goodyear Tire & Rubber in a research note issued to 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 previous 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 announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 6.66% and a negative net margin of 1.56%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 earnings per share.

A number of other equities research analysts also recently commented on the company. Wolfe Research downgraded Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

Goodyear Tire & Rubber Trading Down 0.3 %

Shares of NASDAQ:GT 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. Goodyear Tire & Rubber has a 52 week low of $7.27 and a 52 week high of $15.24. The business has a fifty day simple moving average of $8.70 and a 200-day simple moving average of $9.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its stake in shares of Goodyear Tire & Rubber by 1.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 183,837 shares of the company’s stock worth $2,520,000 after purchasing an additional 2,028 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Goodyear Tire & Rubber by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 163,218 shares of the company’s stock worth $2,241,000 after purchasing an additional 6,795 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Goodyear Tire & Rubber by 41.8% during the first quarter. Public Employees Retirement System of Ohio now owns 191,981 shares of the company’s stock worth $2,636,000 after purchasing an additional 56,588 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Goodyear Tire & Rubber by 5.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 36,041 shares of the company’s stock worth $495,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Goodyear Tire & Rubber by 41.6% during the first quarter. Tidal Investments LLC now owns 63,967 shares of the company’s stock worth $878,000 after purchasing an additional 18,790 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

About Goodyear Tire & Rubber

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.