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Ryder System's Earnings Outlook

Ryder System (NYSE:R) is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Ryder System to report an earnings per share (EPS) of $3.42.

Ryder System bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

During the last quarter, the company reported an EPS beat by $0.13, leading to a 0.13% increase in the share price on the subsequent day.

Here's a look at Ryder System's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.87

1.71

2.73

3.22

EPS Actual

3

2.14

2.95

3.58

Price Change %

0.0%

0.0%

-2.0%

-1.0%

Market Performance of Ryder System's Stock

Shares of Ryder System were trading at $145.73 as of October 22. Over the last 52-week period, shares are up 55.78%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Ryder System

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Ryder System.

A total of 1 analyst ratings have been received for ...