Goodyear Tire & Rubber Co reports results for the quarter ended September 30 - Earnings Summary

• Goodyear Tire & Rubber Co reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of eight analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -14 cents to 22 cents per share.

• Revenue fell 2.3% to $4.54 billion from a year ago; analysts expected $4.50 billion.

• Goodyear Tire & Rubber Co's reported EPS for the quarter was a loss of 82 cents​.

• The company reported a quarterly loss of $238 million.

• Goodyear Tire & Rubber Co shares had fallen by 10.7% this quarter and lost 49.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 98.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the tires & rubber products peer group is "buy."

• Wall Street's median 12-month price target for Goodyear Tire & Rubber Co is $7.30, about 39.2% above its last closing price of $4.44

This summary was machine generated from LSEG data November 4 at 10:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)