Goodyear Tire & Rubber Co reports results for the quarter ended June 30 - Earnings Summary

• Goodyear Tire & Rubber Co GT.OQ reported a quarterly adjusted loss of 17 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of nine analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from zero cents to 16 cents per share.

• Revenue fell 2.3% to $4.47 billion from a year ago; analysts expected $4.42 billion.

• Goodyear Tire & Rubber Co's reported EPS for the quarter was 87 cents​.

• The company reported quarterly net income of $254 million.

• Goodyear Tire & Rubber Co shares had fallen by 4.1% this quarter and gained 10.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 44% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the tires & rubber products peer group is also "buy"

• Wall Street's median 12-month price target for Goodyear Tire & Rubber Co is $15.00, about 31.6% above its last closing price of $10.26

This summary was machine generated from LSEG data August 8 at 03:36 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)