Goodyear (GT) reported $4.95 billion in income for the quarter ended December 2024, representing a year-over-year decline of three.3%. EPS of $0.39 for a similar interval compares to $0.47 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $4.91 billion, representing a shock of +0.74%. The corporate has not delivered EPS shock, with the consensus EPS estimate being $0.39.
Whereas buyers intently watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers challenge a inventory’s value efficiency extra precisely.
Right here is how Goodyear carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Tire models – Americas: 22 million versus the three-analyst common estimate of twenty-two.62 million.
- Tire models – Asia Pacific Tire: 9 million versus 9.59 million estimated by three analysts on common.
- Tire models – Europe Center East and Africa Tire: 12.6 million versus 11.71 million estimated by three analysts on common.
- Tire models – Whole: 43.6 million versus 43.92 million estimated by three analysts on common.
- Internet Gross sales- Americas: $2.89 billion versus $3.01 billion estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -5.8% change.
- Internet Gross sales- Asia Pacific: $606 million versus $632.71 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -6.8% change.
- Internet Gross sales- Europe, Center East and Africa: $1.45 billion versus the three-analyst common estimate of $1.32 billion. The reported quantity represents a year-over-year change of +3.7%.
View all Key Company Metrics for Goodyear here>>>
Shares of Goodyear have returned -12.2% over the previous month versus the Zacks S&P 500 composite’s +3.9% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it may carry out according to the broader market within the close to time period.
Zacks’ Analysis Chief Names “Inventory Most Prone to Double”
Our workforce of specialists has simply launched the 5 shares with the best likelihood of gaining +100% or extra within the coming months. Of these 5, Director of Analysis Sheraz Mian highlights the one inventory set to climb highest.
This prime decide is among the many most modern monetary companies. With a fast-growing buyer base (already 50+ million) and a various set of innovative options, this inventory is poised for giant positive aspects. In fact, all our elite picks aren’t winners however this one may far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
The Goodyear Tire & Rubber Company (GT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.