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Ryder System (R) Beats on Q4 Earnings

Ryder System, Inc.R reported fourth-quarter 2017 earnings per share (excluding $10.74 from non-recurring items) of $1.37 per share, surpassing the Zacks Consensus Estimate of $1.35. Earnings increased 28% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the earnings estimate revisions for Ryder depicted a stable picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being stagnant over the last 30 days

Prior to the earnings beat in the fourth-quarter, the company delivered positive surprises in two of the last four quarters. The company reported lower-than-expected earnings per share in the other two quarters.

Ryder System, Inc. Price and EPS Surprise

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

Revenues Better Than Expected

Ryder recorded total revenues of $1,940 million, which surpassed the Zacks Consensus Estimate of $1,834.9 million. Moreover, revenues increased 12% year over year. All major segments of the company performed well in the quarter.

Key Stats to Note: The company expects 2018 adjusted earnings in the band of $5.40 to $5.70 per share, higher than 2017 levels. The Zacks Consensus Estimate for 2018 earnings is $5.87 per share. The company expects first quarter 2018 adjusted earnings per share between 83 cents to 90 cents. The Zacks Consensus Estimate for first-quarter 2018 earnings per share is $1.00.

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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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