Ryder System's (R) top line is boosted by a robust segmental performance by Dedicated Transportation Solutions ("DTS") and Supply Chain Solutions ("SCS"). Proactive cost-cutting efforts and a shareholderfriendly approach bode well for the company. However, R is grappling with soft freight market conditions. Factors Favoring R Ryder's top line is bolstered by its strong segmental performance. As a reflection of this, in the second quarter of 2024, the Fleet Management Solutions ("FMS") unit saw a 2% revenue ...

Segmental Results Total revenues of $3.182 billion lagged the Zacks Consensus Estimate of $3.249 billion The top line improved 10% year over year. Operating revenues of $2.561 million grew 10% year over year, reflecting recent acquisitions and contractual revenue growth, partially offset by lower commercial rental revenue in Fleet Management Solutions. Fleet Management Solutions: Total revenues of $1.478 billion inched up 1% year over year owing to higher operating revenues. Supply-Chain Solutions: Total re ...

Good morning, everyone, and thanks for joining us. I'm extremely proud of our team for delivering solid results again this quarter despite freight conditions that remain challenging. Our operating performance continues to demonstrate that the transformative changes that we've made to derisk our business model, enhance returns and drive long-term profitable growth have significantly increased the earnings and return profile of the business versus prior cycles. John Diez 2024 lease spending is now expected to ...

SG&A expenses increased 7% in the second quarter of 2024 and 6% in the six months ended June 30, 2024. The increase in the second quarter and six months ended June 30, 2024, primarily reflects the impact from recent acquisitions partially offset by lower marketing costs due to strategic investments made in the prior year. SG&A expenses as a percentage of total revenue remained at 12% for the second quarter and for the six months ended June 30, 2024. Non-Operating Pension Costs, net Three months ended June 3 ...

The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of -2.09%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $2.88. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Ryder (R) reported $3.18 billion in revenue for the quarter ended June 2024, representing a year-over-year ...

What's Next for Ryder? Ahead of this earnings release, the estimate revisions trend for Ryder: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the ...

Outlook 3Q24 Comparable EPS (non-GAAP) $3.30 - $3.50 ———————————— The non-GAAP elements of this calculation have been reconciled to the corresponding GAAP measures. A numerical reconciliation of net earnings to adjusted net earnings and average shareholders' equity to adjusted average equity is provided in the Appendix - Non-GAAP Financial Measures Reconciliations at the end of this release. (1) Supplemental Company Information | --- | --- | --- | --- | --- | --- | --- | |----------------------------------- ...

Ryder has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 16.71%. Let's see how things have shaped up for Ryder this earnings season. The Zacks Consensus Estimate for Ryder's second-quarter 2024 revenues is pegged at $3.25 billion, indicating 12.69% growth year over year. The top line is likely to have been aided by revenue growth in all business segments. The Zacks Consensus Estima ...

Zacks Consensus Estimate The consensus EPS estimate for the quarter has been revised 6.1% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising t ...

Founded in 1997, Pit Stop provides retail mobile commercial fleet maintenance, including battery, tire and transmission repairs, preventative maintenance, and breakdown assistance. How Will the Deal Benefit? The said acquisition is anticipated to add almost $24 million in gross revenues to Ryder's Torque by Ryder's business in 2025. The deal will also be accretive to Ryder's earnings. Torque by Ryder was launched in July 2023 and with the inclusion of Pit Stop, it is likely to operate a workforce of more th ...