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

Ryder System

23/04/2024 16:05

* Ryder System Inc  R.N  reported quarterly adjusted
earnings of
$2.14​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $2.81. 
The mean expectation of six analysts for the quarter was
for earnings of $1.71 per share. Wall Street expected results to
range from $1.62  to $1.80 per share.
    * Revenue rose 4.9% to $3.10 billion from a year ago;
analysts
expected $3.06 billion. 
    * Ryder System Inc's reported EPS for the quarter was
$1.89​.
    * Ryder System Inc shares had fallen by 9.3% this
quarter and
lost 5.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 36.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is  "hold."

Wall Street's median 12-month price target for Ryder System Inc
is $121.00 
This summary was machine generated from LSEG data April 23 at
03:05 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
 Mar. 31 2024      1.71           2.14           Beat
 Dec. 31 2023      2.73           2.95           Beat
 Sep. 30 2023      3.22           3.58           Beat
 Jun. 30 2023      2.91           3.61           Beat