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Goodyear Tire & Rubber Company (GT)
NASDAQ:GT
Holding GT?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.3Last Year’s EPS
$0.47Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 6.16%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong margin expansion, upgraded transformation plan savings, and significant achievements such as the partnership with Ferrari and retail performance. However, these were offset by declines in sales volume, challenges in consumer replacement volumes, and elevated channel inventories. The sentiment is balanced between positive strategic initiatives and ongoing market challenges.Company Guidance
During Goodyear's third quarter 2024 earnings call, several key metrics and guidance were provided. The company reported a segment operating income (SOI) of $347 million, with an SOI margin of 7.2%, which was higher than the previous year. Goodyear increased its transformation plan savings targets, raising the 2024 Goodyear Forward benefits guidance to $450 million, up by $100 million since the beginning of the year, and expects to deliver a total of $1.5 billion in run rate benefits by the end of next year. Sales for the quarter were $4.8 billion, down 6% year-over-year, driven by a 6% decline in unit volume and the negative impact of currency translation. The company highlighted its goal to reach a 10% SOI margin target by the end of next year, despite volume headwinds and projected increases in raw material costs for 2025. In terms of capital allocation, Goodyear plans to reduce its capital expenditures to below $1 billion in 2025 and aims to achieve a net leverage target of 2x to 2.5x by the end of 2025, supported by strategic divestitures.Margin Expansion and SOI Growth
Segment operating income of $347 million with a SOI margin of 7.2%, both higher than last year, marking four consecutive quarters of margin growth under the Goodyear Forward Plan.
Upgraded Transformation Plan Savings
Raised guidance for 2024 Goodyear Forward benefits to $450 million, up $100 million since the start of the year. A total of $1.5 billion in run rate benefits expected by the end of 2025.
Strong U.S. Retail Performance
Best U.S. retail performance in more than 15 years with earnings growth driven by a focus on value proposition and an increasing customer base in last-mile fleets.
Partnership with Ferrari
First fitment on a Ferrari in 30 years, highlighting commitment to premium technology-driven strategy.
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GT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $8.12 | $9.23 | +13.67% |
| Jul 31, 2024 | $11.70 | $9.84 | -15.90% |
| May 06, 2024 | $12.41 | $12.42 | +0.08% |
| Feb 12, 2024 | $13.63 | $11.59 | -14.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Goodyear Tire & Rubber Company (GT) report earnings?
Goodyear Tire & Rubber Company (GT) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Goodyear Tire & Rubber Company (GT) earnings time?
Goodyear Tire & Rubber Company (GT) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GT EPS forecast?
GT EPS forecast for the fiscal quarter 2024 (Q4) is $0.3.
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