Ryder System (R) Beats On Q3 Earnings
Zacks Investment Research | Oct 24, 2017 08:48AM ET
Ryder System, Inc. (NYSE: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 .
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
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