Ryder System, Inc. R is one of the leading providers of integrated logistics and transportation solutions.Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management.
Ryder’s efforts toward deploying a fuel-efficient fleet will help strengthen its foothold in the rapidly growing market of environment-friendly vehicles. Moreover, declining oil prices will help the company boost margins in the forthcoming quarter.
However, increased competition could create downward pressure on freight rates and continued rate pressure may adversely affect the company’s profitability. Further, Ryder is exposed to the residual risk on the value of its fleet of vehicles.
Currently, Ryder has a Zacks Rank #4 (Sell), but that could definitely change following Ryder’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:Ryder beats on earnings. Our consensus earnings estimate called for EPS of 1.72 per share, and the company reported EPS of $1.74 instead. Investors should note that these figures take out stock option expenses.
Revenue:Ryder reported revenues of $1,669.1 million. This missed our consensus estimate of $1,717 million.
Key Stats to Note:Ryder raised its guidance for lease fleet size in between 6,000 to 6,500 from 5,000 to 6,000. Moreover, it also witnessed 6% improvement in operating revenue during the quarter.
Check back later for our full write up on this Ryder earnings report later!
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