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The Goodyear Tire & Rubber Company (GT - Free Report) is a leading manufacturer, retailer and distributor of tires and rubber-related chemicals for various applications.
Earnings
In the fourth-quarter, Goodyear reported adjusted earnings of 99 per share, beating the Zacks Consensus Estimate of 76 cents. The adjusted earnings in the year-ago quarter were 95 cents.
Revenues
Goodyear reported net revenue of $4.07 billion, higher than $3.74 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $3.91 billion.
The Goodyear Tire & Rubber Company Price and EPS Surprise
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the fourth-quarter earnings over the last 30 days.
In all the trailing four quarters, Goodyear delivered positive earnings surprise, leading to an average beat of around 3.7%.
Key Stats/Developments to Note
Goodyear anticipates operating income of approximately within the band $1.8 billion to $1.9 billion for 2018.
The company has also updated its 2020 segment operating income target and capital allocation plan. Under which in 2020, it expects to achieve a target of $2 to $2.4 billion in the segment operating income. Its capital allocation plan includes restructuring, growth capital, debt and pension payments and a shareholder return program.
Check back later for our full write up on Goodyear’s earnings report!
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Goodyear (GT) Q4 Earnings & Revenues Beat Estimates
The Goodyear Tire & Rubber Company (GT - Free Report) is a leading manufacturer, retailer and distributor of tires and rubber-related chemicals for various applications.
Earnings
In the fourth-quarter, Goodyear reported adjusted earnings of 99 per share, beating the Zacks Consensus Estimate of 76 cents. The adjusted earnings in the year-ago quarter were 95 cents.
Revenues
Goodyear reported net revenue of $4.07 billion, higher than $3.74 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $3.91 billion.
The Goodyear Tire & Rubber Company Price and EPS Surprise
The Goodyear Tire & Rubber Company Price and EPS Surprise | The Goodyear Tire & Rubber Company Quote
Estimate Trend & Surprise History
Investors should note that stock has witnessed an upward trend in the Zacks Consensus Estimate for the fourth-quarter earnings over the last 30 days.
In all the trailing four quarters, Goodyear delivered positive earnings surprise, leading to an average beat of around 3.7%.
Key Stats/Developments to Note
Goodyear anticipates operating income of approximately within the band $1.8 billion to $1.9 billion for 2018.
The company has also updated its 2020 segment operating income target and capital allocation plan. Under which in 2020, it expects to achieve a target of $2 to $2.4 billion in the segment operating income. Its capital allocation plan includes restructuring, growth capital, debt and pension payments and a shareholder return program.
Zacks Rank
Goodyear holds a Zacks Rank #3 (Hold), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on Goodyear’s earnings report!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>