Zacks Research Brokers Decrease Earnings Estimates for GT

The Goodyear Tire & Rubber Company (NASDAQ:GT - Free Report) - Investment analysts at Zacks Research dropped their Q1 2027 earnings per share (EPS) estimates for Goodyear Tire & Rubber in a research report issued to clients and investors on Thursday, June 19th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $0.46 for the quarter, down from their prior estimate of $0.49. The consensus estimate for Goodyear Tire & Rubber's current full-year earnings is $1.50 per share. Zacks Research also issued estimates for Goodyear Tire & Rubber's FY2027 earnings at $2.16 EPS.

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

A number of other research analysts have also recently weighed in on GT. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $17.00 target price (down previously from $18.00) on shares of Goodyear Tire & Rubber in a report on Thursday, May 22nd. Wall Street Zen cut Goodyear Tire & Rubber from a "buy" rating to a "hold" rating in a report on Saturday, May 10th. BNP Paribas Exane upgraded Goodyear Tire & Rubber from a "neutral" rating to an "outperform" rating and set a $15.00 price objective on the stock in a research note on Monday, June 9th. Deutsche Bank Aktiengesellschaft upgraded Goodyear Tire & Rubber from a "hold" rating to a "buy" rating and set a $13.00 price objective on the stock in a research note on Monday, March 31st. Finally, TD Cowen began coverage on Goodyear Tire & Rubber in a research note on Friday, March 7th. They set a "buy" rating and a $14.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $14.20.

Goodyear Tire & Rubber Trading Up 1.4%

Goodyear Tire & Rubber stock traded up $0.15 during midday trading on Monday, reaching $10.53. The stock had a trading volume of 4,225,521 shares, compared to its average volume of 5,661,190. Goodyear Tire & Rubber has a twelve month low of $7.27 and a twelve month high of $12.58. The stock has a market capitalization of $3.01 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 0.30 and a beta of 1.40. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.64 and a current ratio of 1.22. The stock's 50-day simple moving average is $10.89 and its 200 day simple moving average is $9.77.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Goodyear Tire & Rubber by 147.5% in the first quarter. GAMMA Investing LLC now owns 2,809 shares of the company's stock worth $26,000 after acquiring an additional 1,674 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Goodyear Tire & Rubber by 125.9% in the first quarter. UMB Bank n.a. now owns 3,136 shares of the company's stock worth $29,000 after acquiring an additional 1,748 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of Goodyear Tire & Rubber in the first quarter worth about $33,000. Farther Finance Advisors LLC lifted its stake in shares of Goodyear Tire & Rubber by 1,799.1% in the first quarter. Farther Finance Advisors LLC now owns 4,083 shares of the company's stock worth $37,000 after acquiring an additional 3,868 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Goodyear Tire & Rubber by 251.8% in the fourth quarter. Allworth Financial LP now owns 4,274 shares of the company's stock worth $40,000 after acquiring an additional 3,059 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

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.