Ryder Q3 adjusted EPS rises 21% and beats estimates; raises FY forecast

Overview

• Supply chain and fleet management provider's Q3 revenue rose 8% yr/yr to $3.4 bln

• Q3 adjusted EPS grew 21% yr/yr and beat analyst expectations

• Company says results driven by strategic initiatives and improving freight market conditions

Outlook

• Ryder raises 2026 comparable EPS (non-GAAP) forecast to $14.85-$15.05

• Company raises 2026 ROE (non-GAAP) outlook to 18%-19%

• Ryder increases 2026 rental fleet investment to $500 mln to meet higher expected 2027 demand

Result Drivers

• STRATEGIC INITIATIVES - Co said execution of strategic initiatives contributed to improved operating results

• FREIGHT MARKET RECOVERY - Co said improving freight market conditions and stronger contractual sales activity supported growth

• USED VEHICLE SALES - Co said higher used vehicle sales volumes and pricing exceeded expectations

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the ground freight & logistics peer group is "buy"

• Wall Street's median 12-month price target for Ryder System, Inc. is $283.70, about 18.1% above its October 21 closing price of $240.31

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads

• Oct 21 - Knight-Swift Q3 revenue, EPS beat analyst expectations on pricing gains

• Oct 19 - Truckload carrier Werner Enterprises sees Q3 revenue up to $951 million

• Oct 20 - Truckload carrier Heartland Express' Q3 operating revenue falls more than expected

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)