Goodyear Tire & Rubber stock fell 3.78 percent on October 2

Published on 10/04/2026 at 18:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goodyear Tire & Rubber stock faces USD 55 million to USD 75 million in closure charges disclosed September 29, 2026. Second-quarter revenue reached USD 4.25 billion but fell 4.8 percent year over year.

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Goodyear Tire & Rubber Company (ISIN US3825501014) fell 3.78 percent to USD 4.84 on Nasdaq on October 2, 2026, leaving the stock only USD 0.01 above its 52-week low of USD 4.83. The company is now simplifying its industrial footprint while absorbing fresh restructuring costs.

Closures carry USD 55 million to USD 75 million

According to StockTitan on October 1, 2026, Goodyear approved a plan on September 29 to close chemical manufacturing facilities in Niagara Falls, New York, and Bayport, Texas. The filing puts total pre-tax charges at USD 55 million to USD 75 million, including USD 30 million in cash charges, with substantial completion planned by the end of 2027.

The company expects USD 35 million of pre-tax charges in Q3 2026 and USD 15 million during the remainder of 2026. The plan is expected to improve Americas segment operating income by USD 15 million to USD 20 million annually beginning in 2027, creating a measurable efficiency benefit against a large near-term accounting burden.

Second-quarter revenue fell 4.8 percent

According to MarketBeat, Goodyear reported USD 4.25 billion in Q2 2026 revenue, down 4.8 percent from the same quarter a year earlier. Adjusted loss per share was USD 0.61, compared with a USD 0.63 consensus loss and a USD 0.17 loss in the prior-year quarter.

The earnings mix explains the market pressure: revenue exceeded the USD 4.19 billion estimate, but the company remained loss-making and the year-over-year revenue comparison was negative. For investors, the closure plan therefore matters less as a standalone cost than as a test of whether the Americas business can convert the promised USD 15 million to USD 20 million annual benefit into operating improvement.

Consensus target sits above USD 4.84

Investing.com lists a Neutral consensus from 10 analysts, with an average 12-month price target of USD 7.31. The target range runs from USD 6.00 to USD 9.00, placing the average target 51.0 percent above the October 2 price of USD 4.84.

MarketBeat also reported on October 2 that JPMorgan cut its target from USD 10.00 to USD 9.00 while maintaining an Overweight rating. That revision leaves the analyst view above the market price, but the negative second-quarter margin picture and the closure charges keep the turnaround case tied to execution in the Americas.

Goodyear stock stays near its yearly low

Goodyear stock was last at USD 4.84 on Nasdaq on October 2, 2026, with a session range of USD 4.84 to USD 5.09, volume of 11,104,736 shares and market capitalization of USD 1.4 billion. Its 52-week range was USD 4.83 to USD 10.62.