We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ryder System, Inc. (R - Free Report) is one of the leading providers of integrated logistics and transportation solutions. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management.
Ryder’s efforts toward deploying a fuel-efficient fleet will help strengthen its foothold in the rapidly growing market of environment-friendly vehicles. Moreover, declining oil prices will help the company boost margins in the forthcoming quarter.
However, increased competition could create downward pressure on freight rates and continued rate pressure may adversely affect the company’s profitability. Further, Ryder is exposed to the residual risk on the value of its fleet of vehicles.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s third quarter 2016 earnings (on an adjusted basis) of $1.67 per share beat the Zacks Consensus Estimate of $1.65 per share. Earnings however declined on a year over year basis.
Revenue: Ryder reported revenues of $1,724.4 million, which beat the Zacks Consensus Estimate of $1,701.3 million.
Key Stats to Note: The company now expects 2016 adjusted earnings in the band of $5.70 to $5.85 per share (old guidance: $5.90 to $6.05 per share). The Zacks Consensus Estimate for 2016 is $5.95 per share. The company expects fourth quarter adjusted earnings per share in the band of $1.35 to $1.50. The Zacks Consensus Estimate for the fourth quarter of 2016 is $1.61 per share.
Stock Price:The lackluster guidance disappointed the investors. Shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this Ryder earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ryder System (R) Beats on Q3 Earnings
Ryder System, Inc. (R - Free Report) is one of the leading providers of integrated logistics and transportation solutions. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management.
Ryder’s efforts toward deploying a fuel-efficient fleet will help strengthen its foothold in the rapidly growing market of environment-friendly vehicles. Moreover, declining oil prices will help the company boost margins in the forthcoming quarter.
However, increased competition could create downward pressure on freight rates and continued rate pressure may adversely affect the company’s profitability. Further, Ryder is exposed to the residual risk on the value of its fleet of vehicles.
Currently, Ryder has a Zacks Rank #4 (Sell), but that could definitely change following Ryder’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s third quarter 2016 earnings (on an adjusted basis) of $1.67 per share beat the Zacks Consensus Estimate of $1.65 per share. Earnings however declined on a year over year basis.
RYDER SYS Price and EPS Surprise
RYDER SYS Price and EPS Surprise | RYDER SYS Quote
Revenue: Ryder reported revenues of $1,724.4 million, which beat the Zacks Consensus Estimate of $1,701.3 million.
Key Stats to Note: The company now expects 2016 adjusted earnings in the band of $5.70 to $5.85 per share (old guidance: $5.90 to $6.05 per share). The Zacks Consensus Estimate for 2016 is $5.95 per share. The company expects fourth quarter adjusted earnings per share in the band of $1.35 to $1.50. The Zacks Consensus Estimate for the fourth quarter of 2016 is $1.61 per share.
Stock Price:The lackluster guidance disappointed the investors. Shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this Ryder earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>