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Goodyear (GT) Q1 Earnings & Revenues Beat Estimates


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The Goodyear Tire & Rubber Company GT is a leading manufacturer, retailer and distributor of tires and rubber-related chemicals for various applications.

Earnings

In the first-quarter, Goodyear reported adjusted earnings of 50 cents per share, beating the Zacks Consensus Estimate of 44 cents. The adjusted earnings in the year-ago quarter were 74 cents.

Revenues

Goodyear reported net revenue of $3.83 billion, higher than $3.70 billion recorded in the year-ago quarter. Also, the figure surpassed the Zacks Consensus Estimate of $3.81 billion.

Estimate Trend & Surprise History

In three out of the four trailing quarters, Goodyear reported positive earnings surprise while missing the estimate on one occasion. The company has delivered average earnings surprise of around 12.7%.

The Goodyear Tire & Rubber Company Price and EPS Surprise

The Goodyear Tire & Rubber Company Price and EPS Surprise | The Goodyear Tire & Rubber Company Quote

Key Stats/Developments to Note

Goodyear reaffirms its 2018 operating income guidance and expects it to be within the band $1.8 billion to $1.9 billion.

The company has also confirmed its 2020 segment operating income target of $2 to $2.4 billion.

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!

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The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Symbols: GT



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