For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
For momentum investors, upward or downward trends in a stock’s price or earnings outlook take precedent, so they’ll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
The Goodyear Tire & Rubber Company is one of the largest tire manufacturing companies in the world. In addition to selling tires, Goodyear also provides other rubber-related chemicals for various applications. As of Dec 31, 2023, it employed 71,000 people. Goodyear manufactures products in 55 facilities across 22 countries.
GT sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is down 6.5% and up 6.5% over the past one-week and four-week period, respectively, and Goodyear has lost 30.4% in the last one-year period as well. Additionally, an average of 4,108,408.75 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company’s earnings. For GT, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $1.09 per share for 2024. GT boasts an average earnings surprise of 67.2%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding GT to their portfolios.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Goodyear Tire & Rubber Company (GT) : Free Stock Analysis Report