Goodyear Tire & Rubber Co reports results for the quarter ended December 31 - Earnings Summary

• Goodyear Tire & Rubber Co GT.OQ reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of seven analysts for the quarter was for earnings of 31 cents per share. Wall Street expected results to range from 19 cents to 43 cents per share.

• Revenue fell 3.3% to $4.95 billion from a year ago; analysts expected $4.87 billion.

• Goodyear Tire & Rubber Co's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of $76 million.

• Goodyear Tire & Rubber Co shares had fallen by 8.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the tires & rubber products peer group is also "hold"

Wall Street's median 12-month price target for Goodyear Tire & Rubber Co is $10.10

This summary was machine generated from LSEG data February 14 at 12:23 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)