Goodyear Tire & Rubber Full Year 2024 Earnings: EPS Beats Expectations

Goodyear Tire & Rubber (NASDAQ:GT) Full Year 2024 Results

Key Financial Results

• Revenue: US$18.9b (down 5.9% from FY 2023).
• Net income: US$70.0m (up from US$689.0m loss in FY 2023).
• Profit margin: 0.4% (up from net loss in FY 2023).
• EPS: US$0.24 (up from US$2.42 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Goodyear Tire & Rubber EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates.

The primary driver behind last 12 months revenue was the Americas segment contributing a total revenue of US$11.0b (58% of total revenue). Notably, cost of sales worth US$15.2b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.41b (66% of total expenses). Explore how GT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 8.8% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 29% from a week ago.

Valuation

Our analysis of Goodyear Tire & Rubber based on 6 different valuation metrics shows it might be overvalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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