Analysis and Opinions about GT-Q
Not a fan of the tire industry. Doesn’t really care for the dynamics. It has a great deal of trouble passing through raw material costs. The collapse of oil prices has been a benefit, but it is going to be very difficult to repeat a decline in oil. He believes the company is very involved in OEM tires.
Goodyear Tire (GT-Q) Rating
Stockchase rating for Goodyear Tire is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Goodyear Tire (GT-Q) Frequently Asked Questions
Goodyear Tire is a American stock, trading under the symbol GT-Q on the NASDAQ (GT). It is usually referred to as NASDAQ:GT or GT-Q
It was a tough quarter for the tire manufacturer
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
What happened
Shares of Goodyear Tire & Rubber ( NASDAQ:GT) fell more than 10% on Tuesday morning after the company reported weaker-than-expected year-end results. Volumes were down and foreign currency exchange took its toll, but overall the company sees stable conditions in the U.S. heading into 2020.
So what
Goodyear reported fourth-quarter adjusted earnings of $0.19 per share before markets opened on Tuesday, well short of the $0.52 per share consensus estimate. Revenue came in at $3.7 billion, down 4.4% year over year and shy of the $3.88 billion estimate.
Now what
Goodyear pointed to a growth in global commercial truck shipments in 2019 as a green shoot headed into 2020, but the company faces a number of challenges outside of its control.
What are the complaints against Goodyear?
A total of 184 migrant workers had filed five complaints against Goodyear Malaysia in 2019 and 2020 over non-compliance with a collective labor agreement , and are claiming about 5 million ringgit ($1.21 million) in unpaid wages. The workers allege that Goodyear, one of the world's largest tire makers, did not give them shift allowances, annual bonuses and pay increases even though these benefits were available to local staff, who are represented by a labour union.
How many complaints did Goodyear Malaysia have?
A total of 184 migrant workers had filed five complaints against Goodyear Malaysia in 2019 and 2020 over non-compliance with a collective labor agreement, and are claiming about 5 million ringgit ($1.21 million) in unpaid wages.
What is the name of the company that makes the Goodyear Sightline?
U.S. tire maker, The Goodyear Tire & Rubber Company ( GT), has launched its first-ever sensor-enabled tires named Goodyear SightLine for commercial vans. The product is currently available in North America and Europe. With this innovation, van owners will be able to get information about tire breakdowns in advance and monitor pressure levels and wear for enhanced safety and more cost-efficient mobility. “Much like smart watches that monitor vitals like heart rates and oxygen levels, Goodyear Sigh
What is the largest tire company in the world?
The Goodyear Tire & Rubber Company is one of the largest tire manufacturing companies in the World. Though the company generates sales on a global basis, North America is its largest market. Despite recent losses, the company has gained almost 63% over the past six months and 96% over the past year. Currently, the company has a $4.7 billion ma.
