Ryder beats Q1 adjusted EPS estimates, raises 2026 earnings outlook

Ryder System

23/04/2026 12:05

Overview

US supply chain and fleet manager's Q1 operating revenue flat year-over-year

Adjusted EPS for Q1 rose 3% and beat analyst expectations

Company raised full-year 2026 comparable EPS outlook

Outlook

Ryder raises full-year 2026 comparable EPS outlook to $14.05-$14.80

Company maintains full-year operating revenue growth forecast at 3%, driven by SCS

Ryder expects 2026 free cash flow of $700 mln-$800 mln and capital expenditures of $2.4 bln

Result Drivers

FMS CONTRACTUAL REVENUE - Fleet Management Solutions earnings growth was driven by higher contractual revenue and benefits from strategic initiatives, despite lower rental demand

SCS AUTOMOTIVE WEAKNESS - Supply Chain Solutions earnings were impacted by lower automotive sector results and, to a lesser extent, productivity of new business ramping up

DTS FLEET COUNT DECLINE - Dedicated Transportation Solutions revenue and earnings declined due to a lower fleet count amid a prolonged freight market downturn, partially offset by strategic initiatives

Company press release: ID:nBwmQ0CNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$3.10 bln
Q1 Operating Revenue
$2.60 bln
Q1 Adjusted EPS
Beat
$2.54
$2.27 (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the ground freight & logistics peer group is "buy"

Wall Street's median 12-month price target for Ryder System Inc is $225.00, about 1.1% below its April 22 closing price of $227.58

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)