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Ryder (R) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Ryder (R - Free Report) reported revenue of $2.92 billion, down 3.7% over the same period last year. EPS came in at $3.58, compared to $4.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.02 billion, representing a surprise of -3.18%. The company delivered an EPS surprise of +5.92%, with the consensus EPS estimate being $3.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ryder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating Revenue- Fleet Management Solutions: $1.27 billion versus the two-analyst average estimate of $1.30 billion. The reported number represents a year-over-year change of -2.9%.
Operating Revenue- Dedicated Transportation Solutions: $325 million versus $325.93 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
Operating Revenue- Supply Chain Solutions: $909 million versus the two-analyst average estimate of $883.46 million. The reported number represents a year-over-year change of +8.9%.
Revenues- Fleet Management Solutions: $1.49 billion compared to the $1.54 billion average estimate based on two analysts. The reported number represents a change of -6% year over year.
Revenues- Supply Chain Solutions: $1.19 billion versus $1.24 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
Revenues- Fleet Management Solutions- SelectCare and other: $174 million versus $171.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
Revenues- Eliminations: -$205 million versus the two-analyst average estimate of -$217.11 million.
Revenues- Fleet Management Solutions- Commercial rental: $293 million compared to the $320.91 million average estimate based on two analysts. The reported number represents a change of -16.2% year over year.
Revenues- Fleet Management Solutions- Choice Lease: $799 million versus $811.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1% change.
Revenues- Fleet Management Solutions- Fuel services and ChoiceLease liability insurance: $221 million versus the two-analyst average estimate of $239.24 million. The reported number represents a year-over-year change of -20.7%.
Revenues- Dedicated Transportation Solutions: $448 million versus $454.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
Earnings from before income taxes- Fleet Management Solutions: $169 million versus $211.14 million estimated by two analysts on average.
Shares of Ryder have returned -4.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Ryder (R) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Ryder (R - Free Report) reported revenue of $2.92 billion, down 3.7% over the same period last year. EPS came in at $3.58, compared to $4.45 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.02 billion, representing a surprise of -3.18%. The company delivered an EPS surprise of +5.92%, with the consensus EPS estimate being $3.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ryder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Revenue- Fleet Management Solutions: $1.27 billion versus the two-analyst average estimate of $1.30 billion. The reported number represents a year-over-year change of -2.9%.
- Operating Revenue- Dedicated Transportation Solutions: $325 million versus $325.93 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.5% change.
- Operating Revenue- Supply Chain Solutions: $909 million versus the two-analyst average estimate of $883.46 million. The reported number represents a year-over-year change of +8.9%.
- Revenues- Fleet Management Solutions: $1.49 billion compared to the $1.54 billion average estimate based on two analysts. The reported number represents a change of -6% year over year.
- Revenues- Supply Chain Solutions: $1.19 billion versus $1.24 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
- Revenues- Fleet Management Solutions- SelectCare and other: $174 million versus $171.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
- Revenues- Eliminations: -$205 million versus the two-analyst average estimate of -$217.11 million.
- Revenues- Fleet Management Solutions- Commercial rental: $293 million compared to the $320.91 million average estimate based on two analysts. The reported number represents a change of -16.2% year over year.
- Revenues- Fleet Management Solutions- Choice Lease: $799 million versus $811.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1% change.
- Revenues- Fleet Management Solutions- Fuel services and ChoiceLease liability insurance: $221 million versus the two-analyst average estimate of $239.24 million. The reported number represents a year-over-year change of -20.7%.
- Revenues- Dedicated Transportation Solutions: $448 million versus $454.95 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
- Earnings from before income taxes- Fleet Management Solutions: $169 million versus $211.14 million estimated by two analysts on average.
View all Key Company Metrics for Ryder here>>>Shares of Ryder have returned -4.5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.