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Ryder System (R) Beats on Q3 Earnings

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.

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 #2 (Buy), but that could definitely change following Ryder's earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings : The company's third quarter 2017 earnings (excluding 22 cents from non-recurring items) of $1.33 per share beat the Zacks Consensus Estimate of $1.29 per share. Earnings however declined on a year over year basis.

Revenue : Ryder reported total revenues of $1,848.5 million, which beat the Zacks Consensus Estimate of $1,806.4 million.

Ryder System, Inc. Price and EPS Surprise

Ryder System, Inc. Price and EPS Surprise | Ryder System, Inc. Quote

Key Stats to Note : The company now expects 2017 adjusted earnings in the band of $4.46 to $4.56 per share from the previous range of $4.38 to $4.58. The Zacks Consensus Estimate for 2017 is $4.44 per share. The company expects fourth quarter 2017 adjusted earnings per share in the band of $1.31 to $1.41. The Zacks Consensus Estimate for the fourth quarter of 2017 is $1.31 per share.

Stock Price: The year over year decline in earnings disappointed investors. Shares of the company were down in pre-market trading at the time of writing.

Check back later for our full write up on this Ryder earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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