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.
Currently, Ryder has a Zacks Rank #2 (Buy), 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 second quarter 2017 earnings (on an adjusted basis) of $1 per share beating the Zacks Consensus Estimate of 93 cents per share. Earnings declined substantially on a year over year basis.
Revenue: Ryder reported total revenues of $1,793.2 million, which beat the Zacks Consensus Estimate of $1,769.2 million. Revenues increased on a year over year basis.
Key Stats to Note: The company now expects full-year 2017 adjusted earnings in the band of $4.38 to $4.58 per share, revised from the previous range of $4.25 to $4.55. The Zacks Consensus Estimate for 2017 is $4.37 per share. The company expects third quarter 2017 adjusted earnings per share in the band of $1.25 to $1.35. The Zacks Consensus Estimate for the third quarter of 2017 is $1.36 per share.
Check back later for our full write up on this Ryder earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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.
Currently, Ryder has a Zacks Rank #2 (Buy), 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 second quarter 2017 earnings (on an adjusted basis) of $1 per share beating the Zacks Consensus Estimate of 93 cents per share. Earnings declined substantially on a year over year basis.
Revenue: Ryder reported total revenues of $1,793.2 million, which beat the Zacks Consensus Estimate of $1,769.2 million. Revenues increased on a year over year basis.
Key Stats to Note: The company now expects full-year 2017 adjusted earnings in the band of $4.38 to $4.58 per share, revised from the previous range of $4.25 to $4.55. The Zacks Consensus Estimate for 2017 is $4.37 per share. The company expects third quarter 2017 adjusted earnings per share in the band of $1.25 to $1.35. The Zacks Consensus Estimate for the third quarter of 2017 is $1.36 per share.
Check back later for our full write up on this Ryder earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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