“I’ve been researching $GT Goodyear Tire quite a bit lately after it’s over reaction in February when the stock dropped by almost 30%. On Friday, 4/1, there was a block of 4,000 calls bought at $18 strike with 7/15 expiration. That’s about a 25% premium to yesterday’s close.”
Goodyear will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.26, down 39.53% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.89 billion, up 39.37% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.48 per share and revenue of $20.61 billion. These totals would mark changes of +18.66% and +17.94%, respectively, from last year.