Ryder System Inc reports results for the quarter ended in December - Earnings Summary

Ryder System

14/02/2024 16:33

* Ryder System Inc  R.N  reported quarterly adjusted
earnings of
$2.95​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$3.89.  The mean expectation of seven analysts for the quarter
was for earnings of $2.73 per share. Wall Street expected
results to range from $2.60  to $2.80 per share.
    * Revenue fell 2.1% to $3.02 billion from a year ago;
analysts
expected $2.98 billion. 
    * Ryder System Inc's reported EPS for the quarter was
$2.72​.
    * The company reported quarterly net income of $124 million.
    * Ryder System Inc shares had risen by 3.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "hold"

Wall Street's median 12-month price target for Ryder System Inc
is $116.00 
This summary was machine generated from LSEG data February 14 at
04:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.73           2.95           Beat
 Sep. 30 2023      3.22           3.58           Beat
 Jun. 30 2023      2.91           3.61           Beat
 Mar. 31 2023      2.96           2.81           Missed