Benzinga | Jul 30, 2020 01:46PM EDT

Goodyear Tire & Rubber Earnings Preview

Goodyear Tire & Rubber (NASDAQ:GT) releases its next round of earnings this Friday, July 31. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Earnings and Revenue

Analysts are predicting Goodyear Tire & Rubber will report a loss of $2.07 per share on revenue of $1.87 billion. In the same quarter last year, Goodyear Tire & Rubber reported earnings per share of $0.25 on sales of $3.63 billion. Revenue would be down 42.28% on a year-over-year basis. Goodyear Tire & Rubber's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate -0.15 0.52 0.52 0.34EPS Actual -0.60 0.19 0.45 0.25Revenue Estimate 3.24 B 3.89 B 3.92 B 3.78 BRevenue Actual 3.06 B 3.71 B 3.80 B 3.63 B

Stock Performance

Over the past 52-week period, shares of Goodyear Tire & Rubber have declined 23.21%.

With these returns, shareholders are likely feeling neutral going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Goodyear Tire & Rubber is scheduled to hold the call at 08:50:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/yj97fav2