S&P 500 (NYSE:SPY) component Ryder System, Inc. (NYSE:R) will unveil its latest earnings on Wednesday, July 27, 2011. Ryder System, Inc. is a global provider of transportation and supply chain management solutions. Its business is divided into three segments of specialization: Fleet Management Solutions, Supply Chain Solutions and Dedicated Contract Carriage.
Ryder System, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 77 cents per share, a rise of 32.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 75 cents. For the year, analysts are projecting profit of $3.06 per share, a rise of 37.8% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 7 cents, reporting net income of 51 cents per share against a mean estimate of profit of 44 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $1.47 billion in revenue this quarter, a rise of 14% from the year ago quarter. Analysts are forecasting total revenue of $5.92 billion for the year, a rise of 15.2% from last year’s revenue of $5.14 billion.
Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose more than twofold while it rose more than fourfold in the fourth quarter of the last fiscal year and 62% in the third quarter of the last fiscal year.
Revenue has risen the past four quarters. Revenue increased 16.8% to $1.43 billion in first quarter. The figure rose 6.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 4.8% in the third quarter of the last fiscal year from the year-ago quarter and 3.5% in the second quarter of the last fiscal year.
Competitors to Watch: Pacer International, Inc. (NASDAQ:PACR), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Northgate plc (NYSE:NTG), Hub Group, Inc. (NASDAQ:HUBG), Avis Budget Group Inc. (NYSE:CAR), AMERCO (NASDAQ:UHAL).
Stock Price Performance: During April 26, 2011 to July 21, 2011, the stock price had risen $6.05 (11.5%) from $52.70 to $58.75. The stock price saw one of its best stretches over the last year between December 13, 2010 and December 21, 2010 when shares rose for seven-straight days, rising 10.2% (+$4.69) over that span. It saw one of its worst periods between January 12, 2011 and January 21, 2011 when shares fell for seven-straight days, falling 4.4% (-$2.26) over that span. Shares are up $6.65 (+12.8%) year to date.
(Source: Xignite Financials)