We have just put together a list of 10 stocks that performed well. In this article, we will examine how The Goodyear Tire & Rubber Company (NASDAQ:GT) compares to the other stocks. The stock market finished the week positively, with all major indices showing increases as investors...
Goodyear Tire & Rubber Co. is facing a rapidly changing business with new technologies and increased competition from low-cost countries such as China. The question now is if the 127-year-old company can transform itself to be more efficient, profitable and competitive.
I maintain a concentrated portfolio, with Goodyear Tire & Rubber Company now representing a significant position, showing a 15.1% gain since August 2023. Activist investor Elliott Investment Management's involvement and management's detailed value creation plan have increased my bullish outlook on Goodyear. Despite revenue declines, Goodyear's net profits, operating cash flow, and EBITDA have shown impressive improvements, indicating a positive transformation.
GT's transformation efforts show promise, but inflation and fierce competition pose significant challenges.
Explore Goodyear's (GT) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
We have just released a list of 10 companies whose shares increased significantly on Friday. In this article, we will examine how The Goodyear Tire & Rubber Company (NASDAQ:GT) compares to the other companies that experienced gains. On Friday, Wall Street had a mixed performance as investors considered new updates on the market.
The Goodyear Tire & Rubber Company (NASDAQ:GT ) Q4 2024 Results Conference Call February 14, 2025 9:00 AM ET Company Participants Greg Shank - Senior Director, IR Mark Stewart - CEO and President Christina Zamarro - EVP and CFO Conference Call Participants James Picariello - BNP Paribas Emmanuel Rosner - Wolfe Research Doug Karson - Bank of America Edison Yu - Deutsche Bank Operator Good morning. My name is Margo, and I'll be your conference operator today.
Although the revenue and EPS for Goodyear (GT) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Goodyear (GT) came out with quarterly earnings of $0.39 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago.
Full year Goodyear net income of $70 million (24 cents per share); adjusted net income of $302 million ($1.05 per share) Fourth quarter Goodyear net income of $76 million (26 cents per share); adjusted net income of $114 million (39 cents per share) Full year Segment Operating Margin expansion across all three business units Goodyear Forward drives 2024 benefits of $480 million, exceeding plan Fourth quarter cash flows from operating activities of $1.3 billion Company reaffirms expanded Goodyear Forward targets, significant deleveraging expected in 2025 AKRON, Ohio , Feb. 13, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) reported fourth quarter 2024 results today and the company will host an investor call tomorrow morning at 9:00 a.m. eastern time led by Mark Stewart, Goodyear's chief executive officer and president, and Christina Zamarro, the company's executive vice president and chief financial officer.