Goodyear Tire & Rubber (GT) Expected to Announce Quarterly Earnings on Wednesday

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) is expected to release its Q2 2025 earnings data before the market opens on Wednesday, July 30th. Analysts expect Goodyear Tire & Rubber to post earnings of $0.37 per share and revenue of $4.50 billion for the quarter.

Goodyear Tire & Rubber (NASDAQ:GT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.41 billion. Goodyear Tire & Rubber had a net margin of 1.30% and a return on equity of 5.31%. Goodyear Tire & Rubber's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. On average, analysts expect Goodyear Tire & Rubber to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Goodyear Tire & Rubber Stock Performance

NASDAQ:GT traded down $0.37 during trading hours on Friday, reaching $10.91. 6,692,512 shares of the company's stock were exchanged, compared to its average volume of 6,041,424. Goodyear Tire & Rubber has a 1-year low of $7.27 and a 1-year high of $12.26. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.34 and a beta of 1.35. The company has a quick ratio of 0.64, a current ratio of 1.22 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $10.98 and a 200 day moving average of $10.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GT. BNP Paribas raised Goodyear Tire & Rubber from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. reissued an "overweight" rating and set a $17.00 target price (down from $18.00) on shares of Goodyear Tire & Rubber in a research note on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective for the company in a research note on Monday, March 31st. BNP Paribas Exane upgraded shares of Goodyear Tire & Rubber from a "neutral" rating to an "outperform" rating and set a $15.00 price objective for the company in a research note on Monday, June 9th. Finally, Wall Street Zen cut shares of Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a research note on Saturday, May 10th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $14.20.

Hedge Funds Weigh In On Goodyear Tire & Rubber

Hedge funds have recently added to or reduced their stakes in the business. United Services Automobile Association purchased a new position in Goodyear Tire & Rubber during the 1st quarter valued at about $163,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Goodyear Tire & Rubber by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 169,601 shares of the company's stock valued at $1,567,000 after acquiring an additional 7,453 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Goodyear Tire & Rubber by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 657,411 shares of the company's stock worth $6,074,000 after buying an additional 15,064 shares in the last quarter. 84.19% of the stock is currently owned by hedge funds and other institutional investors.

About Goodyear Tire & Rubber

Goodyear Tire & Rubber Co engages in the development, manufacture, distribution, and sale of tires. It operates through the following geographical segments: Americas, Europe, Middle East, and Africa, and Asia Pacific. The Americas segment is involved in the development, manufacture, distribution, and sale of tires and related products and services in North, Central, and South America.