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Ryder (R) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
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In its upcoming report, Ryder (R - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.40 per share, reflecting an increase of 12.2% compared to the same period last year. Revenues are forecasted to be $3.17 billion, representing a year-over-year increase of 2.4%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Ryder metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Operating Revenue- Fleet Management Solutions' to come in at $1.29 billion. The estimate indicates a change of +3.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenue- Dedicated Transportation Solutions' of $449.93 million. The estimate points to a change of +5.4% from the year-ago quarter.
The consensus among analysts is that 'Operating Revenue- Supply Chain Solutions' will reach $1.00 billion. The estimate indicates a year-over-year change of +3.3%.
Analysts' assessment points toward 'Revenues- Supply Chain Solutions (SCS)- Subcontracted transportation and fuel' reaching $333.15 million. The estimate indicates a change of +1% from the prior-year quarter.
Analysts predict that the 'Revenues- Fleet Management Solutions' will reach $1.49 billion. The estimate indicates a year-over-year change of +2.3%.
Analysts forecast 'Revenues- Fleet Management Solutions- SelectCare and other' to reach $174.34 million. The estimate suggests a change of -2.1% year over year.
The average prediction of analysts places 'Revenues- Dedicated Transportation Solutions' at $594.44 million. The estimate indicates a year-over-year change of +5.6%.
Based on the collective assessment of analysts, 'Revenues- Fleet Management Solutions- Commercial rental' should arrive at $244.57 million. The estimate indicates a change of +5.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Fleet Management Solutions- ChoiceLease' should come in at $874.20 million. The estimate indicates a year-over-year change of +3.8%.
The consensus estimate for 'Revenues- Fleet Management Solutions- Fuel services' stands at $195.93 million. The estimate points to a change of -4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Supply Chain Solutions' will likely reach $1.34 billion. The estimate points to a change of +2.7% from the year-ago quarter.
It is projected by analysts that the 'Earnings from before income taxes- Fleet Management Solutions' will reach $100.21 million. The estimate is in contrast to the year-ago figure of $100 million.
Shares of Ryder have experienced a change of -2.2% in the past month compared to the -5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), R is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Ryder (R) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, Ryder (R - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.40 per share, reflecting an increase of 12.2% compared to the same period last year. Revenues are forecasted to be $3.17 billion, representing a year-over-year increase of 2.4%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Ryder metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Operating Revenue- Fleet Management Solutions' to come in at $1.29 billion. The estimate indicates a change of +3.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenue- Dedicated Transportation Solutions' of $449.93 million. The estimate points to a change of +5.4% from the year-ago quarter.
The consensus among analysts is that 'Operating Revenue- Supply Chain Solutions' will reach $1.00 billion. The estimate indicates a year-over-year change of +3.3%.
Analysts' assessment points toward 'Revenues- Supply Chain Solutions (SCS)- Subcontracted transportation and fuel' reaching $333.15 million. The estimate indicates a change of +1% from the prior-year quarter.
Analysts predict that the 'Revenues- Fleet Management Solutions' will reach $1.49 billion. The estimate indicates a year-over-year change of +2.3%.
Analysts forecast 'Revenues- Fleet Management Solutions- SelectCare and other' to reach $174.34 million. The estimate suggests a change of -2.1% year over year.
The average prediction of analysts places 'Revenues- Dedicated Transportation Solutions' at $594.44 million. The estimate indicates a year-over-year change of +5.6%.
Based on the collective assessment of analysts, 'Revenues- Fleet Management Solutions- Commercial rental' should arrive at $244.57 million. The estimate indicates a change of +5.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- Fleet Management Solutions- ChoiceLease' should come in at $874.20 million. The estimate indicates a year-over-year change of +3.8%.
The consensus estimate for 'Revenues- Fleet Management Solutions- Fuel services' stands at $195.93 million. The estimate points to a change of -4% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Supply Chain Solutions' will likely reach $1.34 billion. The estimate points to a change of +2.7% from the year-ago quarter.
It is projected by analysts that the 'Earnings from before income taxes- Fleet Management Solutions' will reach $100.21 million. The estimate is in contrast to the year-ago figure of $100 million.
View all Key Company Metrics for Ryder here>>>
Shares of Ryder have experienced a change of -2.2% in the past month compared to the -5.6% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), R is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>