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Ryder System, Inc. (R - Free Report) is one of the leading providers of integrated logistics and transportation solutions. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s second quarter 2017 earnings (on an adjusted basis) of $1 per share beating the Zacks Consensus Estimate of 93 cents per share. Earnings declined substantially on a year over year basis.
Revenue: Ryder reported total revenues of $1,793.2 million, which beat the Zacks Consensus Estimate of $1,769.2 million. Revenues increased on a year over year basis.
Key Stats to Note: The company now expects full-year 2017 adjusted earnings in the band of $4.38 to $4.58 per share, revised from the previous range of $4.25 to $4.55. The Zacks Consensus Estimate for 2017 is $4.37 per share. The company expects third quarter 2017 adjusted earnings per share in the band of $1.25 to $1.35. The Zacks Consensus Estimate for the third quarter of 2017 is $1.36 per share.
Check back later for our full write up on this Ryder earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
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Ryder System (R) Beats on Q2 Earnings
Ryder System, Inc. (R - Free Report) is one of the leading providers of integrated logistics and transportation solutions. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management.
Currently, Ryder has a Zacks Rank #2 (Buy), but that could definitely change following Ryder’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: The company’s second quarter 2017 earnings (on an adjusted basis) of $1 per share beating the Zacks Consensus Estimate of 93 cents per share. Earnings declined substantially on a year over year basis.
Ryder System, Inc. Price and EPS Surprise
Ryder System, Inc. Price and EPS Surprise | Ryder System, Inc. Quote
Revenue: Ryder reported total revenues of $1,793.2 million, which beat the Zacks Consensus Estimate of $1,769.2 million. Revenues increased on a year over year basis.
Key Stats to Note: The company now expects full-year 2017 adjusted earnings in the band of $4.38 to $4.58 per share, revised from the previous range of $4.25 to $4.55. The Zacks Consensus Estimate for 2017 is $4.37 per share. The company expects third quarter 2017 adjusted earnings per share in the band of $1.25 to $1.35. The Zacks Consensus Estimate for the third quarter of 2017 is $1.36 per share.
Check back later for our full write up on this Ryder earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>