Cooper Tire & Rubber Company (NYSE:CTB) , engaged in the design, manufacture, marketing and sale of tires, delivered adjusted earnings of 50 cents per share in the fourth quarter of 2017 that missed the Zacks Consensus Estimate of 62 cents.
Revenues
Cooper Tire recorded net sales of $757 million, missing the Zacks Consensus Estimate of $770 million as well the year ago revenues of $783.9 million.
Estimate Trend & Surprise History
In third-quarter 2017, Cooper Tire reported positive earnings surprise of 38.8%. In fact, the company has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average beat of around 17.1%.
Zacks Rank
Cooper Tire currently has a Zacks Rank #2 (Buy), but that could change following its earnings report which was just released. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Key Stats/Developments to Note
During the quarter, Cooper Tire’s consolidated unit volume declined 1.9% year over year, with robust growth in the International segment that was more than offset by lower volume in Americas segment.
The company expects 2018 operating profit margin guidance at the low end of 9–11%.
Check back later for our full write up on Cooper Tire’s earnings report!
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Cooper Tire & Rubber Company (CTB): Free Stock Analysis Report
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