What is Zacks Research’s Estimate for GT FY2024 Earnings?

The Goodyear Tire & Rubber Company (NASDAQ:GT) – Zacks Research lifted their FY2024 EPS estimates for Goodyear Tire & Rubber in a research report issued on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the company will earn $1.10 per share for the year, up from their previous estimate of $1.07. The consensus estimate for Goodyear Tire & Rubber’s current full-year earnings is $1.08 per share. Zacks Research also issued estimates for Goodyear Tire & Rubber’s Q1 2025 earnings at $0.54 EPS, Q3 2025 earnings at $0.34 EPS, FY2025 earnings at $1.76 EPS, Q1 2026 earnings at $0.58 EPS and FY2026 earnings at $2.25 EPS.

A number of other equities analysts have also recently issued reports on the company. StockNews.com cut Goodyear Tire & Rubber from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Wolfe Research cut shares of Goodyear Tire & Rubber from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th.

Goodyear Tire & Rubber Trading Up 5.0 %

NASDAQ:GT opened at $10.61 on Thursday. The company has a market cap of $3.02 billion, a P/E ratio of -10.20 and a beta of 1.69. Goodyear Tire & Rubber has a 1 year low of $7.27 and a 1 year high of $15.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.14 and a quick ratio of 0.65. The stock’s fifty day moving average price is $8.79 and its two-hundred day moving average price is $9.91.

Goodyear Tire & Rubber (NASDAQ:GT) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Goodyear Tire & Rubber had a positive return on equity of 6.66% and a negative net margin of 1.56%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp lifted its stake in shares of Goodyear Tire & Rubber by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 249,633 shares of the company’s stock worth $2,833,000 after buying an additional 1,475 shares in the last quarter. Arizona State Retirement System lifted its position in Goodyear Tire & Rubber by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 79,547 shares of the company’s stock valued at $903,000 after acquiring an additional 1,621 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Goodyear Tire & Rubber by 5.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 36,041 shares of the company’s stock valued at $495,000 after purchasing an additional 1,925 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Goodyear Tire & Rubber by 1.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 183,837 shares of the company’s stock worth $2,520,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. raised its stake in shares of Goodyear Tire & Rubber by 6.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 38,050 shares of the company’s stock worth $336,000 after purchasing an additional 2,195 shares during the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, industrial equipment, and other applications under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands and various house brands, as well as under the private-label brands.