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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$3.40 bln

Q3 Operating Revenue

$2.80 bln

Q3 Adjusted EPS

Beat

$4.33

$4.15 (11 Analysts)

Q3 EPS

$4.16


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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