Ryder System Earnings: Everything You Must Know Now

Ryder System, Inc. (NYSE:R) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Ryder System, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 37.29% to $0.81 in the quarter versus EPS of $0.59 in the year-earlier quarter.

Revenue: Rose 1.74% to $1.56 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Ryder System, Inc. reported adjusted EPS income of $0.81 per share. By that measure, the company beat the mean analyst estimate of $0.78. It missed the average revenue estimate of $1.57 billion.

Quoting Management: Commenting on the Company’s first quarter 2013 performance, Ryder President and CEO Robert Sanchez said, “We delivered strong earnings growth with a 17% increase in comparable earnings per share on operating revenue growth of 3%. Our largest product line, full service lease, led our performance for the quarter, reflecting the benefits of both improved residual values as well as the strong vehicle replacement cycle underway with customers. Maintenance costs improved due to a younger lease fleet; however, maintenance costs did not decline as much as anticipated due to upfront costs on initiatives and other items. We experienced better-than-expected demand for commercial rental in North America with higher utilization on a smaller fleet, partially offset by lower demand in the U.K. Used vehicles sales results were in line with expectations, with continued strong pricing. SCS revenue and earnings improved and were also in line with expectations.”

Key Stats (on next page)…

Revenue decreased 1.3% from $1.58 billion in the previous quarter. EPS decreased 30.77% from $1.17 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.16 to a profit $1.22. For the current year, the average estimate has moved up from a profit of $4.55 to a profit of $4.81 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , , ,  

More from The Cheat Sheet