Wall Street is optimistic about Goodyear Tire & Rubber, which is slated to report its first quarter results on Tuesday, April 29, 2014. Analysts project a profit of 60 cents a share, a rise from 45 cents per share a year ago.
The consensus estimate is down from three months ago when it was 65 cents, but is unchanged over the past month. For the fiscal year, analysts are projecting earnings of $2.92 per share. Analysts project revenue to fall 1% year-over-year to $4.81 billion for the quarter, after being $4.85 billion a year ago. For the year, revenue is expected to come in at $19.57 billion.
Revenue has declined in the past two quarters. Revenue dropped by 1% year-over-year to $4.79 billion in the fourth quarter. The quarter before that, revenue dropped 5%.
Another company in the consumer cyclical sector reporting earnings soon is Cooper Tire & Rubber.