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Goodyear (GT) reported earnings 30 days ago. What's next for the stock?
Hsbc Holdings PLC acquired a new position in The Goodyear Tire and Rubber Company (NASDAQ: GT) during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 127,491 shares of the company's stock, valued at approximately $840,000. Several other
Goodyear has extended the timeline for its turnaround plan as the company tries to restructure its business, refinance and pay down years of debt and as key financial targets remain unmet. CEO Mark Stewart told CNBC the iconic tire manufacturer is trying to reach a 10% operating margin and generate meaningful cash flow.
GT's Q2 loss widens as volume pressure weighs on results, while Asia Pacific gains and cash flow improvements offer support.
The Goodyear Tire & Rubber Company (GT) Q2 2026 Earnings Call Transcript
Goodyear Tire & Rubber NASDAQ: GT reported second-quarter sales of $4.3 billion, down about 5% from a year earlier, as lower tire volumes and the prior-year divestitures of its chemicals business and Dunlop brand outweighed price-and-mix improvements. Excluding those divestitures, sales declined about 1% organically.
While the top- and bottom-line numbers for Goodyear (GT) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Goodyear (GT) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to a loss of $0.17 per share a year ago.