Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Ryder (R) To Report Earnings Tomorrow: Here Is What To Expect

R Cover Image

Commercial rental vehicle and delivery company Ryder (NYSE:R) will be reporting results tomorrow before the bell. Here’s what you need to know.

Ryder missed analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $3.18 billion, up 10.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates.

Is Ryder a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Ryder’s revenue to grow 12.7% year on year to $3.29 billion, a reversal from the 3.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.42 per share.

Ryder Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ryder has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Ryder’s peers in the transportation and logistics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Norfolk Southern Corporation delivered year-on-year revenue growth of 2.7%, missing analysts’ expectations by 1.2%, and CSX reported revenues up 1.3%, falling short of estimates by 1.5%. CSX traded down 6.7% following the results.

Read our full analysis of Norfolk Southern Corporation’s results here and CSX’s results here.

Investors in the transportation and logistics segment have had steady hands going into earnings, with share prices flat over the last month. Ryder is down 1.8% during the same time and is heading into earnings with an average analyst price target of $151.28 (compared to the current share price of $145.73).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.