Ryder System Inc reports results for the quarter ended June 30 - Earnings Summary

• Ryder System Inc R reported quarterly adjusted earnings of $3.32​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $3.00. The mean expectation of nine analysts for the quarter was for earnings of $3.11 per share. Wall Street expected results to range from $3.00 to $3.22 per share.

• Revenue rose 0.2% to $3.19 billion from a year ago; analysts expected $3.17 billion.

• Ryder System Inc's reported EPS for the quarter was $3.13​.

• Ryder System Inc shares had risen by 8.7% this quarter and gained 10.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for Ryder System Inc is $183.00, about 5.6% above its last closing price of $172.82

This summary was machine generated from LSEG data July 24 at 01:33 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)