Goodyear Stock Analysis

GT
 Stock
  

USD 13.60  0.37  2.80%   

The newest gain in Goodyear Tire Rubber short term price appreciation may raise some interest from private investors. The stock closed today at a share price of 13.60 on 5,791,096 in trading volume. The company directors and management have successfully maneuvered the firm at convenient times to take advantage of all market conditions in July. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.62. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Goodyear Tire Rubber partners.
Please check Risk vs Return Analysis.
  
The Goodyear Tire stock analysis report makes it easy to digest most publicly released information about Goodyear Tire and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Goodyear Stock analysis module also helps to analyze the Goodyear Tire price relationship with some important fundamental indicators such as market cap and management efficiency.

Goodyear Stock Analysis Notes

About 85.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.81. Some equities with similar Price to Book (P/B) outperform the market in the long run. Goodyear Tire Rubber has Price/Earnings To Growth (PEG) ratio of 0.71. The entity next dividend is scheduled to be issued on the 31st of January 2020. The firm had 2:1 split on the 5th of May 1993. The Goodyear Tire Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio. Goodyear Tire operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 72000 people. To learn more about Goodyear Tire Rubber call Richard Kramer at 330 796-4099 or check out www.goodyear.com.

Goodyear Tire Quarterly Cost of Revenue

4.17 Billion

Goodyear Tire Rubber Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Goodyear Tire's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Goodyear Tire Rubber or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Goodyear Tire Rubber has very high historical volatility over the last 90 days
Goodyear Tire Rubber has a strong financial position based on the latest SEC filings
Over 85.0% of the company shares are owned by institutional investors
Latest headline from simplywall.st: Should You Be Adding Goodyear Tire Rubber To Your Watchlist Today - Simply Wall St

Goodyear Tire Rubber Upcoming and Recent Events

Earnings reports are used by Goodyear Tire to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Goodyear Tire previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report8th of February 2022
Next Financial Report29th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End8th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Goodyear Largest EPS Surprises

Earnings surprises can significantly impact Goodyear Tire's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2010-10-28
2010-09-300.10.130.0330 
2003-11-19
2003-09-30-0.26-0.29-0.0311 
2007-07-26
2007-06-300.310.350.0412 
View All Earnings Estimates

Goodyear Tire SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Goodyear Tire prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Goodyear Tire investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Goodyear Tire Rubber specific information freely available to individual and institutional investors to make a timely investment decision.
10th of June 2022
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
6th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
15th of April 2022
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
17th of March 2022
Financial Statements and Exhibits. Other Events
View
9th of March 2022
Unclassified Corporate Event
View
16th of February 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
14th of February 2022
Unclassified Corporate Event
View
11th of February 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View

Goodyear Tire Thematic Classifications

In addition to having Goodyear Tire stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Automobiles and Trucks
USA Equities from Automobiles and Trucks industry as classified by Fama & French

Goodyear Market Capitalization

The company currently falls under 'Mid-Cap' category with market capitalization of 3.51 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Goodyear Tire's market, we take the total number of its shares issued and multiply it by Goodyear Tire's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Goodyear Profitablity

Goodyear Tire's profitability indicators refer to fundamental financial ratios that showcase Goodyear Tire's ability to generate income relative to its revenue or operating costs. If, let's say, Goodyear Tire is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Goodyear Tire's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Goodyear Tire's profitability requires more research than a typical breakdown of Goodyear Tire's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin (PM) of 4.49 %, which may suggest that it has sound control over its expenditures, executes well on its competitive polices, or have a solid pricing strategies. This is typical in the industry. Likewise, it shows Net Operating Margin (NOM) of 10.53 %, which signifies that for every $100 of sales, it has a net operating income of 0.11.
Last ReportedProjected for 2022
Return on Investment 9.26  11.74 
Return on Average Assets 0.039  0.0324 
Return on Average Equity 0.19  0.19 
Return on Invested Capital 0.046  0.0468 
Return on Sales 0.05  0.0477 

Management Efficiency

The entity has Return on Asset (ROA) of 3.37 % which means that for every $100 of asset, it generated profit of $3.37. This is typical in the industry. Likewise, it shows return on total equity (ROE) of 19.93 %, which means that it produced $19.93 on every 100 dollars invested by current stockholders. Goodyear Tire management efficiency ratios could be used to measure how well goodyear tire rubber manages its routine affairs as well as how well it operates its assets and liabilities. Goodyear Tire Return on Investment is comparatively stable at the moment as compared to the past year. Goodyear Tire reported Return on Investment of 9.26 in 2021. Return on Average Equity is likely to gain to 0.19 in 2022, whereas Return on Average Assets are likely to drop 0.0324 in 2022. Total Liabilities is likely to drop to about 14.3 B in 2022. Current Liabilities is likely to drop to about 6.5 B in 2022
Last ReportedProjected for 2022
Book Value per Share 19.15  17.78 
Enterprise Value over EBIT 16.00  17.26 
Enterprise Value over EBITDA 7.94  8.15 
Price to Book Value 1.20  1.75 
Tangible Assets Book Value per Share 74.17  77.61 
Enterprise Value14.1 B13.8 B
Tangible Asset Value19.4 B19.8 B

Technical Drivers

As of the 8th of August, Goodyear Tire retains the market risk adjusted performance of 0.0047, and Risk Adjusted Performance of 0.0061. Goodyear Tire technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Goodyear Tire Rubber, which can be compared to its competitors. Please check out Goodyear Tire Rubber standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Goodyear Tire is priced fairly, providing market reflects its last-minute price of 13.6 per share. Given that Goodyear Tire Rubber has jensen alpha of 0.1132, we strongly advise you to confirm Goodyear Tire Rubber's regular market performance to make sure the company can sustain itself at a future point.

Goodyear Tire Rubber Price Movement Analysis

The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Triangular Moving Average shows Goodyear Tire double smoothed mean price over a specified number of previous prices (i.e., averaged twice).
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Goodyear Tire Rubber Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Goodyear Tire insiders, such as employees or executives, is commonly permitted as long as it does not rely on Goodyear Tire's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Goodyear Tire insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Siu Hera K over a month ago via Macroaxis 
Acquisition by Siu Hera K of 3700 shares of Goodyear Tire subject to Rule 16b-3
Madarang Nathaniel over three months ago via Macroaxis 
Acquisition by Madarang Nathaniel of 19367 shares of Goodyear Tire subject to Rule 16b-3
Madarang Nathaniel over three months ago via Macroaxis 
Exercise or conversion by Madarang Nathaniel of 1014 shares of Goodyear Tire subject to Rule 16b-3
David Phillips over six months ago via Macroaxis 
Exercise or conversion by David Phillips of 9103 shares of Goodyear Tire subject to Rule 16b-3
Siu Hera K over six months ago via Macroaxis 
Acquisition by Siu Hera K of 1837 shares of Goodyear Tire subject to Rule 16b-3
Thomas Williams over six months ago via Macroaxis 
Acquisition by Thomas Williams of 1837 shares of Goodyear Tire subject to Rule 16b-3
Mccollough W Alan over six months ago via Macroaxis 
Acquisition by Mccollough W Alan of 2082 shares of Goodyear Tire subject to Rule 16b-3
Stephen McClellan over six months ago via Macroaxis 
Exercise or conversion by Stephen McClellan of 66582 shares of Goodyear Tire subject to Rule 16b-3
Mccollough W Alan over six months ago via Macroaxis 
Acquisition by Mccollough W Alan of 2088 shares of Goodyear Tire subject to Rule 16b-3
Siu Hera K over six months ago via Macroaxis 
Acquisition by Siu Hera K of 1949 shares of Goodyear Tire subject to Rule 16b-3
Madarang Nathaniel over six months ago via Macroaxis 
Goodyear Tire exotic insider transaction detected
Darren Wells over six months ago via Macroaxis 
Exercise or conversion by Darren Wells of 28654 shares of Goodyear Tire subject to Rule 16b-3

Goodyear Tire Outstanding Bonds

Goodyear Tire issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Goodyear Tire Rubber uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Goodyear bonds can be classified according to their maturity, which is the date when Goodyear Tire Rubber has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Goodyear Tire Technical and Predictive Indicators

Goodyear Tire Forecast Models

Goodyear Tire time-series forecasting models is one of many Goodyear Tire's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Goodyear Tire's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Goodyear Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Goodyear Tire stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Goodyear shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Goodyear Tire. By using and applying Goodyear Stock analysis, traders can create a robust methodology for identifying Goodyear entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 5.69  6.16 
EBITDA Margin 0.10  0.09 
Gross Margin 0.22  0.24 
Profit Margin 0.045  0.0486 
The Goodyear Tire Rubber Company, together with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services worldwide. The Goodyear Tire Rubber Company was incorporated in 1898 and is headquartered in Akron, Ohio. Goodyear Tire operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 72000 people.

Current Goodyear Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Goodyear analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Goodyear analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
23.33Buy6Odds
Goodyear Tire Rubber current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Goodyear analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Goodyear stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Goodyear Tire Rubber, talking to its executives and customers, or listening to Goodyear conference calls.
Goodyear Analyst Advice Details

Goodyear Stock Analysis Indicators

Goodyear Tire Rubber stock analysis indicators help investors evaluate how Goodyear Tire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Goodyear Tire shares will generate the highest return on investment. By understating and applying Goodyear Tire stock analysis, traders can identify Goodyear Tire position entry and exit signals to maximize returns.
Quick Ratio0.61
Fifty Two Week Low10.33
Revenue Growth39.80%
Average Daily Volume Last 10 Day3.73M
Shares Short Prior Month16.07M
Average Daily Volume In Three Month4.81M
Earnings Growth560.00%
Shares Percent Shares Out4.86%
Earnings Quarterly Growth700.00%
Gross Margins21.03%
Forward Price Earnings4.71
Short Percent Of Float5.53%
Float Shares281.22M
Fifty Two Week High24.89
Fifty Day Average11.71
Enterprise Value To Ebitda6.04
Two Hundred Day Average16.38
Enterprise Value To Revenue0.63
Please check Risk vs Return Analysis. Note that the Goodyear Tire Rubber information on this page should be used as a complementary analysis to other Goodyear Tire's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Goodyear Tire Rubber price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.
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Is Goodyear Tire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goodyear Tire. If investors know Goodyear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goodyear Tire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
1.15
Market Capitalization
3.9 B
Quarterly Revenue Growth YOY
0.31
Return On Assets
0.0322
Return On Equity
0.2
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine Goodyear Tire value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.