Ryder System Analyst Boost Forecasts After Q3 Earnings

Core Insights - Ryder System, Inc. reported mixed third-quarter results with earnings of $3.57 per share, slightly exceeding the consensus estimate of $3.55, and a 3.8% increase from $3.44 per share in the same quarter last year [1] - Revenue for the quarter was $3.171 billion, which was below analysts' expectations of $3.197 billion but consistent with the prior year [1] Earnings Guidance - For the fourth quarter, the company expects adjusted earnings of $3.50 to $3.70 per share, compared to the consensus estimate of $3.69 [2] - For the full year 2025, Ryder narrowed its adjusted EPS guidance to $12.85 to $13.05, from a previous range of $12.85 to $13.30, aligning closely with the analyst estimate of $13.00 [2] - Ryder maintained its 2025 sales guidance at $10.37 billion, consistent with previous forecasts and below the Street estimate of $12.76 billion [2] Management Commentary - Ryder's Chairman and CEO Robert Sanchez stated that earnings met expectations due to strong performance from contractual businesses and strategic initiatives, which offset challenges from freight market conditions [3] - The company is on track for earnings growth in 2025, driven by lease pricing benefits, maintenance cost-saving initiatives, acquisition synergies, and optimization of the omnichannel retail network [3] Analyst Reactions - Following the earnings announcement, JP Morgan analyst Brian Ossenbeck maintained a Neutral rating on Ryder System and raised the price target from $194 to $197 [4]