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

Ryder System

25/07/2024 14:31

* Ryder System Inc  R.N  reported quarterly adjusted
earnings of
$3.00​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $3.61. 
The mean expectation of six analysts for the quarter was
for earnings of $2.87 per share. Wall Street expected results to
range from $2.80  to $2.95 per share.
    * Revenue rose 10.3% to $3.18 billion from a year ago;
analysts
expected $3.24 billion. 
    * Ryder System Inc's reported EPS for the quarter was
$2.84​.
    * Ryder System Inc shares had risen by 4.8% this quarter and
gained 12.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Ryder System Inc
is $142.00 
This summary was machine generated from LSEG data July 25 at
01:31 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
 Jun. 30 2024      2.87           3.00           Beat
 Mar. 31 2024      1.71           2.14           Beat
 Dec. 31 2023      2.73           2.95           Beat
 Sep. 30 2023      3.22           3.58           Beat