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
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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