Ryder System, Inc. (R - Free Report) is one of the leading providers of integrated logistics and transportation solutions. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management.
Currently, Ryder has a Zacks Rank #2 (Buy), but that could definitely change following Ryder’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s second quarter 2017 earnings (on an adjusted basis) of $1 per share beating the Zacks Consensus Estimate of 93 cents per share. Earnings declined substantially on a year over year basis.
Revenue: Ryder reported total revenues of $1,793.2 million, which beat the Zacks Consensus Estimate of $1,769.2 million. Revenues increased on a year over year basis.
Key Stats to Note: The company now expects full-year 2017 adjusted earnings in the band of $4.38 to $4.58 per share, revised from the previous range of $4.25 to $4.55. The Zacks Consensus Estimate for 2017 is $4.37 per share. The company expects third quarter 2017 adjusted earnings per share in the band of $1.25 to $1.35. The Zacks Consensus Estimate for the third quarter of 2017 is $1.36 per share.
Check back later for our full write up on this Ryder earnings report later!
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