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Bridgestone Corporation (BRDCF)
OTHER OTC:BRDCF
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.46Last Year’s EPS
0.6Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 1.77%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strong performance in premium tire solutions and recovery in specific segments, but significant challenges in Latin America and the North American passenger car tire business. Profitability improvements were seen in Europe and commercial solutions, offset by a decline in diversified products and pressure from low-cost imports.Company Guidance
In the Bridgestone Corporation's earnings call for the third quarter of 2024, the company provided guidance indicating a mixed performance across different regions and segments. The cumulative results showed an increase in sales but a decrease in profit, with an adjusted operating profit margin of 10.8%, down 0.5 percentage points from the previous year. The company maintained its full-year forecast, despite challenges such as declining profits in the passenger car tire business in North America and Latin America. Premium tire sales remained strong, with a focus on high-rim diameter (HRD) tires contributing to a favorable sales mix. The North American truck and bus aftermarket tire business showed signs of recovery, while in Europe, profits increased year-on-year, despite ongoing challenges in the truck and bus retail and retread business. The company affirmed its commitment to restructuring and cost reduction efforts, aiming for further transformation by 2026. A minimum dividend of JPY 210 per share was confirmed, reflecting stability despite the volatile business environment.Strong Performance in Premium Tire Solutions
Premium tire sales were strong with a focus on ultra-large and large mining tires, aircraft tires, and motorcycle premium tire solutions, contributing positively to the group's results.
Recovery in North American Truck and Bus Tire Business
The North American truck and bus aftermarket tire business is emerging from its worst phase, showing signs of recovery and improvement in the second half of the year.
Profit Increase in European Business
The European business showed an increase in profits year-on-year, with restructuring and rebuilding gradually contributing to earnings.
Growth in Commercial B2B Solutions
The Solutions business, particularly mining and aviation solutions, reported a significant profit increase of 127% over the previous year, with high operating profit margins.
Positive Impact from Foreign Exchange Rates
Cumulative Q3 results showed a year-on-year increase in revenues due to favorable foreign exchange rates.
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BRDCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BRDCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $32.29 | $33.20 | +2.82% |
| Aug 09, 2024 | $40.68 | $39.74 | -2.31% |
| May 13, 2024 | $43.26 | $44.15 | +2.06% |
| Feb 16, 2024 | $41.67 | $40.91 | -1.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bridgestone Corporation (BRDCF) report earnings?
Bridgestone Corporation (BRDCF) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Bridgestone Corporation (BRDCF) earnings time?
Bridgestone Corporation (BRDCF) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BRDCF EPS forecast?
BRDCF EPS forecast for the fiscal quarter 2024 (Q4) is 1.46.
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