Cooper Tire (CTB) is predicted to ship a year-over-year decline in earnings on decrease revenues wh
Cooper Tire (CTB) is predicted to ship a year-over-year decline in earnings on decrease revenues when it stories outcomes for the quarter ended September 2019. This widely-known consensus outlook provides a very good sense of the corporate’s earnings image, however how the precise outcomes examine to those estimates is a robust issue that would affect its near-term inventory value.
The earnings report, which is predicted to be launched on October 28, 2019, would possibly assist the inventory transfer greater if these key numbers are higher than expectations. Then again, in the event that they miss, the inventory could transfer decrease.
Whereas administration’s dialogue of enterprise situations on the earnings call will principally decide the sustainability of the rapid value change and future earnings expectations, it is value having a handicapping perception into the percentages of a optimistic EPS shock.
Zacks Consensus Estimate
This tire maker is predicted to submit quarterly earnings of $0.47 per share in its upcoming report, which represents a year-over-year change of -56.1%.
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