A Preview Of Goodyear Tire & Rubber's Earnings
Portfolio Pulse from Benzinga Insights
Goodyear Tire & Rubber (NASDAQ:GT) is scheduled to release its quarterly earnings report on February 12, 2024, with an estimated EPS of $0.36. Historical data shows a positive correlation between earnings performance and stock price movement. Last quarter, GT beat the EPS estimate by $0.17, leading to a 3.04% stock price increase. Over the last year, GT shares have risen by 22.57%, indicating a bullish sentiment among long-term shareholders.
February 09, 2024 | 2:01 pm
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POSITIVE IMPACT
Goodyear Tire & Rubber is expected to report an EPS of $0.36 for the upcoming quarter. Historical performance shows a positive impact on stock price following earnings beats.
Given Goodyear Tire & Rubber's history of beating EPS estimates and the subsequent positive stock price movements, there's a strong likelihood of a positive short-term impact on GT's stock price if the company beats the EPS estimate again. The historical data provided shows a clear pattern of stock price increases following earnings beats, suggesting investor confidence in the company's financial performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100