Goodyear Tire & Rubber Co reports results for the quarter ended in March - Earnings Summary

Reuters05-07

* Goodyear Tire & Rubber Co reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -29 cents. The mean expectation of seven analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -22 cents to 15 cents per share.

* Revenue fell 8.2% to $4.54 billion from a year ago; analysts expected $4.82 billion.

* Goodyear Tire & Rubber Co's reported EPS for the quarter was a loss of 20 cents​.

* The company reported a quarterly loss of $57 million.

* Goodyear Tire & Rubber Co shares had fallen by 10.9% this quarter and lost 14.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 97.9% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

* Wall Street's median 12-month price target for Goodyear Tire & Rubber Co is $15.40

This summary was machine generated from LSEG data May 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Mar. 31 2024 0.01 0.10 Beat

Dec. 31 2023 0.36 0.47 Beat

Sep. 30 2023 0.19 0.36 Beat

Jun. 30 2023 0.16 -0.34 Missed

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