Ryder (R) Lags Q4 Earnings and Revenue Estimates

Core Insights - Ryder reported quarterly earnings of $3.59 per share, missing the Zacks Consensus Estimate of $3.66 per share, but showing an increase from $3.45 per share a year ago, resulting in an earnings surprise of -1.91% [1] - The company posted revenues of $3.18 billion for the quarter, missing the Zacks Consensus Estimate by 2.18%, and a slight decrease from $3.19 billion year-over-year [2] - Ryder's stock has increased by approximately 10.9% since the beginning of the year, outperforming the S&P 500's gain of 1.4% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Ryder was favorable prior to the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Future Estimates - The current consensus EPS estimate for the upcoming quarter is $2.77 on revenues of $3.19 billion, while for the current fiscal year, the estimate is $14.94 on revenues of $13.27 billion [7] - The outlook for the Transportation - Equipment and Leasing industry, where Ryder operates, is positive, with the industry ranking in the top 11% of over 250 Zacks industries, suggesting strong potential for stock performance [8]