Ryder Q3 adjusted EPS rises 21% and beats estimates; raises FY forecast

Ryder System

Today 12:06

Overview
Supply chain and fleet management provider's Q3 revenue rose 8% yr/yr to $3.4 bln
Q3 adjusted EPS grew 21% yr/yr and beat analyst expectations
Company says results driven by strategic initiatives and improving freight market conditions

Outlook
Ryder raises 2026 comparable EPS (non-GAAP) forecast to $14.85-$15.05
Company raises 2026 ROE (non-GAAP) outlook to 18%-19%
Ryder increases 2026 rental fleet investment to $500 mln to meet higher expected 2027 demand

Result Drivers
STRATEGIC INITIATIVES - Co said execution of strategic initiatives contributed to improved operating results
FREIGHT MARKET RECOVERY - Co said improving freight market conditions and stronger contractual sales activity supported growth
USED VEHICLE SALES - Co said higher used vehicle sales volumes and pricing exceeded expectations

Company press release: ID:nBw8543pVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$3.40 bln
 
Q3 Operating Revenue
 
$2.80 bln
 
Q3 Adjusted EPS
Beat
$4.33
$4.15 (11 Analysts)
Q3 EPS
 
$4.16
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $283.70, about 18.1% above its October 21 closing price of $240.31
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Oct 21 - Knight-Swift Q3 revenue, EPS beat analyst expectations on pricing gains
Oct 19 - Truckload carrier Werner Enterprises sees Q3 revenue up to $951 million
Oct 20 - Truckload carrier Heartland Express' Q3 operating revenue falls more than expected

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.)