Cooper Tire & Rubber Co. manufactures and markets tires and related products.
The company will benefit from focus on improving its business operations. The company continues to develop great products with superior design and functionality. Cooper Tire has also been focusing on expansion in Asia and Latin America.
Estimate Trend & Surprise History
In second-quarter 2017, Cooper Tire reported positive earnings surprise of 14.9%. In fact, the company has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average beat of around 8.1%.
Zacks Rank
Cooper Tire currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings
Cooper Tire delivered earnings of $1.18 per share in the third quarter of 2017 that beat the Zacks Consensus Estimate of 85 cents. Also earnings were higher than 90 cents in the year-ago quarter.
Revenues
Cooper Tire recorded net sales of $734 million, missing the Zacks Consensus Estimate of $788 million as well the year ago revenues of $751 million.
Key Stats/Developments to Note
During the quarter, Cooper Tire’s consolidated unit volume declined 2% year over year, with robust growth in the International segment that was offset by lower volume in Americas segment.
The company expects 2017 operating profit margin guidance at high end of 8–10%.
Check back later for our full write up on Cooper Tire’s earnings report!
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Cooper Tire (CTB) Q3 Earnings Beat Estimate, Up Y/Y
Cooper Tire & Rubber Co. manufactures and markets tires and related products.
The company will benefit from focus on improving its business operations. The company continues to develop great products with superior design and functionality. Cooper Tire has also been focusing on expansion in Asia and Latin America.
Estimate Trend & Surprise History
In second-quarter 2017, Cooper Tire reported positive earnings surprise of 14.9%. In fact, the company has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average beat of around 8.1%.
Cooper Tire & Rubber Company Price and EPS Surprise
Cooper Tire & Rubber Company Price and EPS Surprise | Cooper Tire & Rubber Company Quote
Zacks Rank
Cooper Tire currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Earnings
Cooper Tire delivered earnings of $1.18 per share in the third quarter of 2017 that beat the Zacks Consensus Estimate of 85 cents. Also earnings were higher than 90 cents in the year-ago quarter.
Revenues
Cooper Tire recorded net sales of $734 million, missing the Zacks Consensus Estimate of $788 million as well the year ago revenues of $751 million.
Key Stats/Developments to Note
During the quarter, Cooper Tire’s consolidated unit volume declined 2% year over year, with robust growth in the International segment that was offset by lower volume in Americas segment.
The company expects 2017 operating profit margin guidance at high end of 8–10%.
Check back later for our full write up on Cooper Tire’s earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>