GT Stock Recent News
GT LATEST HEADLINES
AKRON, Ohio , April 26, 2024 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) will report first quarter 2024 financial results after market close on Monday, May 6, followed by an investor conference call at 8:00 a.m. EDT on Tuesday, May 7.
Finding undervalued stocks in today's market can be like searching for a needle in a haystack. With stocks regularly hitting new highs, it seems everything has already been bid up to nosebleed valuations.
The Goodyear Tire & Rubber Company is a well-known tire manufacturer with a significant market share. The company is focusing on innovation, partnerships, and a shareholder-friendly approach to improve its performance. Goodyear aims to regain market share, expand into higher margin areas, and restore profitability by 2025.
Goodyear (GT) reported earnings 30 days ago. What's next for the stock?
The endeavor to find a blueprint to transform a basic investment into a fortune is perpetual. Imagine turning $10,000 into a considerable wealth-building opportunity with just a strategic selection of stocks.
Goodyear shares have recently plunged, creating a buying opportunity as the stock hits a bullish double bottom on the chart. Earnings estimates for Goodyear show undervaluation, with the stock trading at just 10 times earnings for 2024 and 6 times earnings for 2025. Shareholder activist Elliott Management sees major upside potential for Goodyear, proposing changes that could increase the stock's value to $32 per share.
Investors may want to jump into oversold Russell 2000 stocks. For one, after a rough outing in 2023, smaller-cap stocks are starting to come back strong.
Goodyear (GT) reports mixed fourth-quarter results and anticipates raw material costs for the first half of 2024, excluding Goodyear Forward, to decrease $375 million year over year.
During stock market ups and downs, identifying the next big players breeding massive value growth potentials is similar to finding a pearl in a vast ice lake. Among the multitude of options, certain market giants stand out; they are ready to embark on monumental rallies.
A mixed quarter and softness in the auto market led some investors to sell out of the storied tire maker. Tire unit volume slipped by nearly 4% during the fourth quarter.