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Ryder (R) Gains But Lags Market: What You Should Know
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In the latest trading session, Ryder (R - Free Report) closed at $83.67, marking a +0.97% move from the previous day. The stock lagged the S&P 500's daily gain of 1.75%. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq gained 7.84%.
Coming into today, shares of the truck leasing company had lost 11.36% in the past month. In that same time, the Transportation sector lost 3.4%, while the S&P 500 lost 4.4%.
Ryder will be looking to display strength as it nears its next earnings release. On that day, Ryder is projected to report earnings of $3.58 per share, which would represent year-over-year growth of 1.7%. Our most recent consensus estimate is calling for quarterly revenue of $2.97 billion, up 14.15% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.01 per share and revenue of $11.89 billion. These totals would mark changes of +67.12% and +23.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ryder. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ryder is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Ryder has a Forward P/E ratio of 5.18 right now. Its industry sports an average Forward P/E of 11.23, so we one might conclude that Ryder is trading at a discount comparatively.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 83, 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Ryder (R) Gains But Lags Market: What You Should Know
In the latest trading session, Ryder (R - Free Report) closed at $83.67, marking a +0.97% move from the previous day. The stock lagged the S&P 500's daily gain of 1.75%. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq gained 7.84%.
Coming into today, shares of the truck leasing company had lost 11.36% in the past month. In that same time, the Transportation sector lost 3.4%, while the S&P 500 lost 4.4%.
Ryder will be looking to display strength as it nears its next earnings release. On that day, Ryder is projected to report earnings of $3.58 per share, which would represent year-over-year growth of 1.7%. Our most recent consensus estimate is calling for quarterly revenue of $2.97 billion, up 14.15% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.01 per share and revenue of $11.89 billion. These totals would mark changes of +67.12% and +23.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Ryder. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ryder is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Ryder has a Forward P/E ratio of 5.18 right now. Its industry sports an average Forward P/E of 11.23, so we one might conclude that Ryder is trading at a discount comparatively.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 83, 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.