Goodyear Tire & Rubber (NYSE: GT) reported earnings on Oct. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Goodyear Tire & Rubber whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Revenue details
Goodyear Tire & Rubber reported revenue of $5.26 billion. The four analysts polled by S&P Capital IQ foresaw sales of $5.87 billion on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $6.06 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.57. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.60 per share. GAAP EPS of $0.41 for Q3 were 32% lower than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 18.0%, 20 basis points worse than the prior-year quarter. Operating margin was 5.6%, 140 basis points worse than the prior-year quarter. Net margin was 2.2%, 60 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $5.66 billion. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $22.17 billion. The average EPS estimate is $1.88.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 481 members out of 582 rating the stock outperform, and 101 members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give Goodyear Tire & Rubber a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Goodyear Tire & Rubber is outperform, with an average price target of $17.13.
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