Commercial rental vehicle and delivery company Ryder (NYSE: R) will be reporting results this Thursday before the bell. Here’s what to expect.
Ryder missed analysts’ revenue expectations last quarter, reporting revenues of $3.18 billion, flat year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.
Is Ryder a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Ryder’s revenue to be flat year on year, slowing from the 1.1% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.
Looking at Ryder’s peers in the transportation and logistics segment, only FedEx has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 8.3%. The stock price was unchanged following the results.
Read our full analysis of FedEx’s earnings results here.There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 11.2% on average over the last month. Ryder is up 16.4% during the same time and is heading into earnings with an average analyst price target of $228.56 (compared to the current share price of $231.04).
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