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Ryder System, Inc. R is scheduled to report fourth-quarter 2024 results on Feb. 12, before market open.
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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 11.3%.
The Zacks Consensus Estimate for R’s soon-to-be-reported quarter’s earnings has been revised downward by 0.6% in the past 60 days to $3.42 per share. Meanwhile, the Zacks Consensus Estimate for Ryder’s fourth-quarter 2024 revenues is pegged at $3.36 billion, indicating 11.2% growth year over year.
Ryder System, Inc. Price and EPS Surprise
Ryder System, Inc. price-eps-surprise | Ryder System, Inc. Quote
Given this backdrop, let’s explore the factors that are likely to have influenced Ryder’s performance in the fourth quarter of 2024. We expect the top-line performance to have been aided by growth in all business segments. The Zacks Consensus for Fleet Management Solutions’ revenues is pegged at $1.51 billion, indicating a 2% increase from the year-ago reported figure. Higher operating revenues are likely to have aided the segment.
The Zacks Consensus Estimate for Supply-Chain Solutions’ revenues is pegged at $1.39 billion, indicating a 7.04% uptick from the year-ago reported figure. Meanwhile, the Zacks Consensus Estimate for Dedicated Transportation Solutions revenues is pegged at $715.6 million, calling for a more than 100% surge from the year-ago reported figure.
On the flip side, Ryder’s results might be hurt by weaker market conditions in rental and used vehicle sales.
What Our Model Says About Ryder
Our proven model does not conclusively predict an earnings beat for Ryder this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Ryder has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Ryder’s Q3 Highlights
Ryder's third-quarter 2024 earnings per share of $3.44 surpassed the Zacks Consensus Estimate of $3.39. However, the bottom line plunged 3.9% year over year, reflecting weaker market conditions in rental and used vehicle sales, partially offset by higher earnings in contractual lease, supply chain and dedicated businesses. The reported figure lies within the company’s guided range of $3.30-$3.50.