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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.
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 first quarter 2017 earnings (on an adjusted basis) of 82 cents per share missed the Zacks Consensus Estimate of 84 cents per share. Earnings also declined on a year over year basis.
Revenue: Ryder reported total revenues of $1,748.2 million, which beat the Zacks Consensus Estimate of $1,688.1 million.
Key Stats to Note: The company expects 2017 adjusted earnings in the band of $4.25 to $4.55 per share from the previous range of $5.10 to $5.40. The Zacks Consensus Estimate for 2017 is $5.21 per share. The company expects second quarter 2017 adjusted earnings per share in the band of 87 cents to 97 cents. The Zacks Consensus Estimate for the second quarter of 2017 is $1.36 per share.
Stock Price:The below par guidance as well as the earnings miss 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!
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Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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Ryder System (R) Misses on Q1 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.
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 #3 (Hold), 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 first quarter 2017 earnings (on an adjusted basis) of 82 cents per share missed the Zacks Consensus Estimate of 84 cents per share. Earnings also declined on a year over year basis.
Ryder System, Inc. Price and EPS Surprise
Ryder System, Inc. Price and EPS Surprise | Ryder System, Inc. Quote
Revenue: Ryder reported total revenues of $1,748.2 million, which beat the Zacks Consensus Estimate of $1,688.1 million.
Key Stats to Note: The company expects 2017 adjusted earnings in the band of $4.25 to $4.55 per share from the previous range of $5.10 to $5.40. The Zacks Consensus Estimate for 2017 is $5.21 per share. The company expects second quarter 2017 adjusted earnings per share in the band of 87 cents to 97 cents. The Zacks Consensus Estimate for the second quarter of 2017 is $1.36 per share.
Stock Price:The below par guidance as well as the earnings miss 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!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>