It has been about a month since the last earnings report for Goodyear (GT Quick QuoteGT - Free Report) . Shares have added about 17.4% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Goodyear due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

Goodyear Q3 Earnings Beat Expectations

Goodyear reported adjusted earnings per share of 28 cents in the third quarter of 2025, which surpassed the Zacks Consensus Estimate of 15 cents. The company reported earnings of 37 cents per share in the year-ago quarter.

The company generated net revenues of $4.65 billion, which declined 3.7% on a year-over-year basis due to lower volume but marginally surpassed the Zacks Consensus Estimate of $4.64 billion.

In the reported quarter, tire volume was 40 million units, down 5.9% from the year-ago period’s levels.

Segmental Performance

In the reported quarter, the Americas segment generated revenues of $2.74 billion, which declined 4.2% year over year due to lower replacement volume. The segment registered an operating income of $206 million, which fell 18% from the year-ago period's figures. The operating income was hit by lower volume, inflation and other costs. 

Revenues in the Europe, Middle East and Africa segment were $1.41 billion, up 4.4% from the year-ago period's levels due to favorable foreign currency exchange rates and positive price/mix actions. The operating income for the segment was $30 million, up from $23 million reported in the year-ago quarter due to Goodyear Forward benefits and favorable net price/mix versus raw material costs.

Revenues in the Asia Pacific segment fell 18.9% year over year to $501 million due to lower replacement volume and the sale of the OTR tire business. The segment’s operating profit was $51 million, down 29.2% from the year-ago quarter’s figure due to the divestiture of the OTR tire business and lower replacement volume.

Financial Position

Selling, general & administrative expenses fell to $676 million from $663 million in the year-ago period.

Goodyear had cash and cash equivalents of $810 million as of Sept. 30, 2025, the same as of Dec. 31, 2024.

Long-term debt and finance leases amounted to $7.26 billion as of Sept. 30, 2025, up from $6.4 billion as of Dec. 31, 2024.

Capital expenditure in the first nine months of 2025 was $649 million, down from $912 million reported in 2024.

How Have Estimates Been Moving Since Then?

In the past month, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted 19.95% due to these changes.

VGM Scores

Currently, Goodyear has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Goodyear has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.