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) reported second-quarter 2018 earnings per share (excluding 62 cents from non-recurring items) of $1.42 per share, surpassing the Zacks Consensus Estimate of $1.29 cents. Earnings increased 42% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Ryder depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised upward 1.6% over the last 30 days.
The company also has an impressive earnings history having delivered positive surprises in each of the last four quarters.
Ryder recorded total revenues of $2,089.30 million, which surpassed the Zacks Consensus Estimate of $1,983.03 million. Moreover, revenues increased 17% year over year. All major segments of the company performed well in the quarter.
Key Stats to Note: The company has raised its 2018 earnings forecast as a result of impressive results in the second quarter of 2018. It now expects 2018 adjusted earnings in the band of $5.62 to $5.82, higher than the 2017 levels. Previous forecast was in the range of $5.45-$5.70 per share. The Zacks Consensus Estimate for 2018 earnings is $5.62 per share. The company expects third quarter 2018 adjusted earnings per share between $1.55 and $1.65, higher than the year ago period. The Zacks Consensus Estimate for third-quarter 2018 earnings per share is $1.67.
Stock Price: The earnings and revenues beat pleased the investors. Consequently shares of the company were up in early 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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ryder System (R) Beats on Q2 Earnings
Ryder System, Inc. (R - Free Report) reported second-quarter 2018 earnings per share (excluding 62 cents from non-recurring items) of $1.42 per share, surpassing the Zacks Consensus Estimate of $1.29 cents. Earnings increased 42% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Ryder depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for second-quarter earnings being revised upward 1.6% over the last 30 days.
The company also has an impressive earnings history having delivered positive surprises in each of the last four quarters.
Ryder System, Inc. Price and EPS Surprise
Ryder System, Inc. Price and EPS Surprise | Ryder System, Inc. Quote
Revenues Better Than Expected
Ryder recorded total revenues of $2,089.30 million, which surpassed the Zacks Consensus Estimate of $1,983.03 million. Moreover, revenues increased 17% year over year. All major segments of the company performed well in the quarter.
Key Stats to Note: The company has raised its 2018 earnings forecast as a result of impressive results in the second quarter of 2018. It now expects 2018 adjusted earnings in the band of $5.62 to $5.82, higher than the 2017 levels. Previous forecast was in the range of $5.45-$5.70 per share. The Zacks Consensus Estimate for 2018 earnings is $5.62 per share. The company expects third quarter 2018 adjusted earnings per share between $1.55 and $1.65, higher than the year ago period. The Zacks Consensus Estimate for third-quarter 2018 earnings per share is $1.67.
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.
Stock Price: The earnings and revenues beat pleased the investors. Consequently shares of the company were up in early 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 >>