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Ryder System, Inc. (R - Free Report) reported first-quarter 2018 earnings per share (excluding 28 cents from non-recurring items) of 91 cents per share, surpassing the Zacks Consensus Estimate of 88 cents. Earnings increased 11% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Ryder depicted a stable picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being stagnant over the last 30 days
Prior to the earnings beat in the first-quarter, the company delivered positive surprises in three of the last four quarters.
Revenues Better Than Expected
Ryder recorded total revenues of $1,903.5 million, which surpassed the Zacks Consensus Estimate of $1,889 million. Moreover, revenues increased 8.9% year over year. All major segments of the company performed well in the quarter.
Key Stats to Note: The company now expects 2018 adjusted earnings in the band of $5.45 to $5.70 per share, higher than 2017 levels. Previous forecast was in the range of $5.40-$5.70 per share. The Zacks Consensus Estimate for 2018 earnings is $5.59 per share. The company expects second quarter 2018 adjusted earnings per share between $1.20 and $1.30. The Zacks Consensus Estimate for second-quarter 2018 earnings per share is $1.33.
Check back later for our full write up on this Ryder earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Ryder System (R) Beats on Q1 Earnings
Ryder System, Inc. (R - Free Report) reported first-quarter 2018 earnings per share (excluding 28 cents from non-recurring items) of 91 cents per share, surpassing the Zacks Consensus Estimate of 88 cents. Earnings increased 11% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Ryder depicted a stable picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being stagnant over the last 30 days
Prior to the earnings beat in the first-quarter, the company delivered positive surprises in three of the last four quarters.
Revenues Better Than Expected
Ryder recorded total revenues of $1,903.5 million, which surpassed the Zacks Consensus Estimate of $1,889 million. Moreover, revenues increased 8.9% year over year. All major segments of the company performed well in the quarter.
Ryder System, Inc. Price and EPS Surprise
Ryder System, Inc. Price and EPS Surprise | Ryder System, Inc. Quote
Key Stats to Note: The company now expects 2018 adjusted earnings in the band of $5.45 to $5.70 per share, higher than 2017 levels. Previous forecast was in the range of $5.40-$5.70 per share. The Zacks Consensus Estimate for 2018 earnings is $5.59 per share. The company expects second quarter 2018 adjusted earnings per share between $1.20 and $1.30. The Zacks Consensus Estimate for second-quarter 2018 earnings per share is $1.33.
Zacks Rank: Currently, Ryder has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Ryder earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>