Goodyear Tire & Rubber Co (NASDAQ: GT) has reported E.P.S. of $-0.31 for its third fiscal quarter (ending September 30) versus $0.16 for the same period a year ago — a decline of -294%. Relative to the consensus estimate of $0.19, this was a shortfall of $-0.50. E.P.S. were $-1.77 for the latest four quarters through September 30 versus $3.03 for the same period a year ago — a decline of -158%.
Recent Price Action
Goodyear Tire & Rubber Co (NASDAQ: GT) stock closed at $12.50 on 11/6/23 after a modest decline of -0.6%. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GT is expected to continue to be a modest Value Builder.
Goodyear Tire & Rubber has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Goodyear Tire & Rubber has a good Power Rating of 80 and a very high Appreciation Score of 93, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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