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.
Here's What Key Metrics Tell Us About Ryder (R) Q4 Earnings
Read MoreHide Full Article
For the quarter ended December 2023, Ryder (R - Free Report) reported revenue of $3.02 billion, down 2.1% over the same period last year. EPS came in at $2.95, compared to $3.89 in the year-ago quarter.
The reported revenue represents a surprise of +2.67% over the Zacks Consensus Estimate of $2.94 billion. With the consensus EPS estimate being $2.75, the EPS surprise was +7.27%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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 $1.26 billion. The reported number represents a year-over-year change of -3.8%.
Operating Revenue- Dedicated Transportation Solutions: $324 million compared to the $325.87 million average estimate based on two analysts. The reported number represents a change of +1.3% year over year.
Operating Revenue- Supply Chain Solutions: $972 million versus the two-analyst average estimate of $900.81 million. The reported number represents a year-over-year change of +10.1%.
Revenues- Fleet Management Solutions: $1.48 billion versus the two-analyst average estimate of $1.49 billion. The reported number represents a year-over-year change of -7.2%.
Revenues- Supply Chain Solutions: $1.30 billion compared to the $1.21 billion average estimate based on two analysts. The reported number represents a change of +4% year over year.
Revenues- Fleet Management Solutions- SelectCare and other: $167 million versus $169.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
Revenues- Eliminations: -$202 million compared to the -$212.27 million average estimate based on two analysts.
Revenues- Fleet Management Solutions- Commercial rental: $279 million compared to the $301.20 million average estimate based on two analysts. The reported number represents a change of -19.8% year over year.
Revenues- Fleet Management Solutions- Choice Lease: $825 million versus the two-analyst average estimate of $793.31 million. The reported number represents a year-over-year change of +2.2%.
Revenues- Fleet Management Solutions- Fuel services and ChoiceLease liability insurance: $210 million versus $224.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -23.4% change.
Revenues- Dedicated Transportation Solutions: $324 million versus the two-analyst average estimate of $452.62 million. The reported number represents a year-over-year change of -29%.
Earnings from before income taxes- Fleet Management Solutions: $134 million compared to the $166.65 million average estimate based on two analysts.
Shares of Ryder have returned +7.7% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Ryder (R) Q4 Earnings
For the quarter ended December 2023, Ryder (R - Free Report) reported revenue of $3.02 billion, down 2.1% over the same period last year. EPS came in at $2.95, compared to $3.89 in the year-ago quarter.
The reported revenue represents a surprise of +2.67% over the Zacks Consensus Estimate of $2.94 billion. With the consensus EPS estimate being $2.75, the EPS surprise was +7.27%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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 $1.26 billion. The reported number represents a year-over-year change of -3.8%.
- Operating Revenue- Dedicated Transportation Solutions: $324 million compared to the $325.87 million average estimate based on two analysts. The reported number represents a change of +1.3% year over year.
- Operating Revenue- Supply Chain Solutions: $972 million versus the two-analyst average estimate of $900.81 million. The reported number represents a year-over-year change of +10.1%.
- Revenues- Fleet Management Solutions: $1.48 billion versus the two-analyst average estimate of $1.49 billion. The reported number represents a year-over-year change of -7.2%.
- Revenues- Supply Chain Solutions: $1.30 billion compared to the $1.21 billion average estimate based on two analysts. The reported number represents a change of +4% year over year.
- Revenues- Fleet Management Solutions- SelectCare and other: $167 million versus $169.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
- Revenues- Eliminations: -$202 million compared to the -$212.27 million average estimate based on two analysts.
- Revenues- Fleet Management Solutions- Commercial rental: $279 million compared to the $301.20 million average estimate based on two analysts. The reported number represents a change of -19.8% year over year.
- Revenues- Fleet Management Solutions- Choice Lease: $825 million versus the two-analyst average estimate of $793.31 million. The reported number represents a year-over-year change of +2.2%.
- Revenues- Fleet Management Solutions- Fuel services and ChoiceLease liability insurance: $210 million versus $224.87 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -23.4% change.
- Revenues- Dedicated Transportation Solutions: $324 million versus the two-analyst average estimate of $452.62 million. The reported number represents a year-over-year change of -29%.
- Earnings from before income taxes- Fleet Management Solutions: $134 million compared to the $166.65 million average estimate based on two analysts.
View all Key Company Metrics for Ryder here>>>Shares of Ryder have returned +7.7% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.