Shares of Ryder System (R) scaled a 52-week high of $143.73 in the trading session on Aug. 26, 2024, before closing a tad lower at $141.25. The company's shares have gained 25.2% over the past six months, steadily outperforming the 16.4% rise of the industry it belongs to. Image Source: Zacks Investment Research Why the Uptick in the Ryder Stock? Ryder's bottom line has been benefitting from its consistent efforts to reward its shareholders through dividends and share buybacks are appreciative. In 2022, Ryd ...

. . . Therma Bright Major Milestone: Portfolio Company Inretio's Preva(R) Device Achieves 3rd Human Trial Success August 27, 2024 6:00 AM EDT | Source: Therma Bright Inc. Game-Changing Innovation Poised to Transform Stroke and Blood Clot Treatment Therma Bright's Strategic Investment Helps Medical Device Company Demonstrate Efficacy and Safety in Transforming Ischemic Stroke Care Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) (FSE: JNX) ("Therma" or the ...

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 ...

Ryder System, Inc. (NYSE:R) Q2 2024 Results Conference Call July 25, 2024 11:00 AM ET Company Participants Calene Candela - Vice President-Investor Relations Robert Sanchez - Chairman and Chief Executive Officer John Diez - Executive Vice President and Chief Financial Officer Tom Havens - President of Global Fleet Management Solutions Steve Sensing - President-Global Supply Chain Solutions and Dedicated Transportation Conference Call Participants Christyne McGarvey - Morgan Stanley Jeff Kauffman - Vertical ...

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 ...