Goodyear Tire & Rubber Co (NASDAQ: GT) has reported E.P.S. of $-0.20 for its first fiscal quarter (ending March 31) versus $-0.35 for the same period a year ago. This performance was $-0.33 short of the consensus estimate of $0.13. E.P.S. were $-2.26 for the latest four quarters through March 31 versus $0.02 for the same period a year ago — a decline of -11400%.
Recent Price Action
On 5/6/24, Goodyear Tire & Rubber Co (NASDAQ: GT) stock increased 1.4%, closing at $12.41. Moreover, trading volume in this advance was above average at 134% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GT is expected to continue to be an important Value Builder.
Goodyear Tire & Rubber has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Goodyear Tire & Rubber has a good Appreciation Score of 82 but a neutral Power Rating of 41, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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