GT Earnings Prediction
The chart below shows how GT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GT sees a -1.31% change in stock price 10 days leading up to the earnings, and a +0.39% change 10 days following the report. On the earnings day itself, the stock moves by -0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
GT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
4.82B
-6.18%
5.56%
Gross Margin
19.55%
3.55%
-5.74%
Operating Margin
4.83%
-0.21%
23.21%
Net Margin
-0.70%
-57.06%
-140.00%
EPS
-0.12
-61.29%
-140.00%
No Data Available
GT Earnings Analysis
Goodyear Tire & Rubber Corporation (GT.O) Earnings Conference Call
Positive
Segment Operating Income Increase: Goodyear's third quarter 2024 earnings call highlighted a segment operating income of $347 million, with a SOI margin of 7.2%, both higher than last year.
Run Rate Benefits Increase: The company expects to deliver a total of $1.5 billion in run rate benefits by the end of next year, up from the original target of $1.3 billion.
Margin Expansion Since 2016: Goodyear has expanded margins since 2016, excluding the immediate recovery following COVID.
Free Cash Flow Improvement: The third quarter free cash flow was a use of $340 million, compared to a use of $41 million last year, indicating improved cash management strategies.
Americas Segment Profitability: Goodyear's Americas segment operating income was $251 million, representing 8.8% of sales, showcasing strong profitability in the region.
Negative
Q3 Sales Decline: Q3 sales were $4.8 billion, down 6% from last year, driven by lower volume and the negative impact of translation resulting from the stronger US dollar.
Unit Volume Decline: Unit volume was 6% lower than last year, with gains in OE partially offsetting declines in replacements.
Lower Than Expected Volume: Volume was lower than what we expected given the continuation of increased low-end imports in the US and Europe.
Consumer Replacement Volume Decline: Our consumer replacement volume continues to underperform the industry with Tier 4 tires flowing into the majority of our key markets.
Net Debt Increase: Net debt was $8.1 billion at the end of the third quarter and was up about $450 million compared to last year, reflecting increases in working capital.
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GT Earning Call Sentiment
The Goodyear Tire & Rubber Company (GT) Q3 2024 Earnings Call Transcript
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00:00
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GT.O
0.12%Positive
The earnings call presents a mixed picture: while the Goodyear Forward plan and restructuring efforts show promise, financial performance is weak with declining sales and increased net debt. The Q&A reveals some analyst concerns, particularly around distribution strategy and volume declines. Although the shareholder return plan and expected cash inflows are positives, overall sentiment is tempered by these uncertainties and the lack of clear guidance, leading to a neutral prediction for stock price movement.
