Ryder System is a leading logistics and transportation company that provides supply chain solutions, including fleet management, transportation, and logistics services
Specializing in the rental and leasing of commercial vehicles, Ryder offers a variety of services such as dedicated transportation, supply chain optimization, and last-mile delivery. The company's comprehensive approach helps businesses streamline their operations and improve efficiency while also managing vehicle maintenance and repair needs. With a strong focus on sustainability and technological innovation, Ryder aims to transform the logistics landscape and deliver superior value to its customers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the ground transportation stocks, including Heartland Express (NASDAQHTLD) and its peers.
Let’s dig into the relative performance of Schneider (NYSESNDR) and its peers as we unravel the now-completed Q4 ground transportation earnings season.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 2% over the past six months. This drawdown was disappointing since the S&P 500 climbed 5.9%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how ground transportation stocks fared in Q4, starting with Avis Budget Group (NASDAQCAR).
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Ryder (NYSER) and its peers.
Commercial rental vehicle and delivery company Ryder (NYSER) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 5.5% year on year to $3.19 billion. Its non-GAAP profit of $3.45 per share was 2.3% above analysts’ consensus estimates.
A hotter-than-expected inflation report initially rattled markets on Wednesday morning, but investors found confidence to buy the dip, helping major indexes recover most losses by midday trading in New York.
Ryder System Inc (NYSER) reported Q4 results with sales of $3.19B, missing estimates. Operating revenue grew 7% to $2.6B. CEO flagged ongoing market headwinds.
Commercial rental vehicle and delivery company Ryder (NYSER)
will be announcing earnings results tomorrow before market hours. Here’s what you need to know.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the ground transportation industry, including Ryder (NYSER) and its peers.
We are looking for value in the Industrials Sector because we are still in a strong bull market that has been not only one of the longest on record, but also has seen the S&P 500 get to one of its lofty valuations ever.
Since December 2019, the S&P 500 has delivered a total return of 89.3%. But one standout stock has more than doubled the market - over the past five years, Ryder has surged 201% to $158.01 per share. Its momentum hasn’t stopped as it’s also gained 31.9% in the last six months, beating the S&P by 21.6%.
The Dow Jones Transportation Average broke to new highs in November and is on track to extend the uptrend in 2025 with the possibility for tailwinds to grow.
Ryder System reported Q2 FY24 sales growth of 10.33% year-on-year to $3.18 billion, missing the $3.24 billion analyst estimate. Adjusted EPS of $3.00 beat the consensus of $2.87. Revenue from Fleet Management Solutions grew 1% to $1.478 billion, while Supply Chain Solutions and Dedicated Transportation Solutions rose 14% and 44%, respectively.
Ryder System has agreed to acquire Pit Stop Fleet Service, enhancing its Torque by Ryder retail mobile maintenance services. Based in Venice, Florida, Pit Stop offers comprehensive fleet maintenance. This acquisition is expected to add $24 million in revenue by 2025, driving significant growth.
