Cooper Tire & Rubber Co. CTB manufactures and markets tires and related products. Based on sales volume, it is the twelfth largest tire company globally and the fifth largest tire manufacturer in North America. Cooper Tire is benefiting from its high-performance products, share repurchases and improving business operations since the termination of the Apollo Tyres merger agreement. The company continues to develop great products with superior design and functionality. Cooper Tire has also been focusing on expansion in Asia and Latin America. However, the company operates in a very competitive industry. Estimate Trend & Surprise History The Zacks Consensus Estimate for Cooper Tire for the first quarter has remained stable at $1.00 per share over the past week and month. Moreover, Cooper Tire has a track record of delivering positive earnings surprises. It has beaten the Zacks Consensus Estimate in 3 of the trailing 4 quarters with an average beat of around 26.23%. Investors have been eagerly awaiting Cooper Tire’s latest earnings report to see whether it outperforms in this quarter. Zacks Rank Cooper Tire currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this Ohio-based tire manufacturer’s earnings announcement below: Earnings Top Estimates Cooper Tire delivered earnings of $1.05 per share in the first quarter of 2016 that topped the Zacks Consensus Estimate of $1.00. Moreover, earnings were higher than 69 cents in the year-ago quarter. Revenues Miss Estimates Cooper Tire recorded revenues of $650 million, missing the Zacks Consensus Estimate of $676 million as well as lower than the year ago revenues of $663 million. Key Stats/Developments to Note Cooper Tire now expects operating margin to increase marginally from 11.9% recorded in 2015, compared to the prior guidance of a decline. Operating results of the International Tire Operations segment is expected to improve significantly this year. The company expects unit volumes to increase in both segments this year. Cooper Tire expects raw material costs to increase marginally in the second quarter of 2016. Market Reaction Cooper Tire’s share price was inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today. Check back later for our full write up on Cooper Tire’s earnings report! 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 >>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 COOPER TIRE (CTB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research