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Ryder (R) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Ryder (R - Free Report) closed at $72.36, marking a +1.13% move from the previous day. This move outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.2%.
Prior to today's trading, shares of the truck leasing company had lost 10.44% over the past month. This has lagged the Transportation sector's loss of 8.06% and the S&P 500's loss of 8.32% in that time.
Wall Street will be looking for positivity from Ryder as it approaches its next earnings report date. This is expected to be July 27, 2022. On that day, Ryder is projected to report earnings of $4.10 per share, which would represent year-over-year growth of 70.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.85 billion, up 19.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $14.38 per share and revenue of $11.47 billion, which would represent changes of +50.1% and +18.74%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Ryder. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.73% higher within the past month. Ryder is currently a Zacks Rank #2 (Buy).
In terms of valuation, Ryder is currently trading at a Forward P/E ratio of 4.98. For comparison, its industry has an average Forward P/E of 16.15, which means Ryder is trading at a discount to the group.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow R in the coming trading sessions, be sure to utilize Zacks.com.
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Ryder (R) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Ryder (R - Free Report) closed at $72.36, marking a +1.13% move from the previous day. This move outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.2%.
Prior to today's trading, shares of the truck leasing company had lost 10.44% over the past month. This has lagged the Transportation sector's loss of 8.06% and the S&P 500's loss of 8.32% in that time.
Wall Street will be looking for positivity from Ryder as it approaches its next earnings report date. This is expected to be July 27, 2022. On that day, Ryder is projected to report earnings of $4.10 per share, which would represent year-over-year growth of 70.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.85 billion, up 19.64% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $14.38 per share and revenue of $11.47 billion, which would represent changes of +50.1% and +18.74%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Ryder. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.73% higher within the past month. Ryder is currently a Zacks Rank #2 (Buy).
In terms of valuation, Ryder is currently trading at a Forward P/E ratio of 4.98. For comparison, its industry has an average Forward P/E of 16.15, which means Ryder is trading at a discount to the group.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 82, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow R in the coming trading sessions, be sure to utilize Zacks.com.