Ryder System Q2 EPS $3.61 Beats $2.91 Estimate, Sales $2.88B Miss $3.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryder System (NYSE:R) reported Q2 earnings of $3.61 per share, beating the analyst consensus estimate of $2.91 by 24.05%. However, this is a 18.51% decrease from the same period last year. The company's quarterly sales of $2.88 billion missed the analyst consensus estimate of $3.05 billion by 5.44%, marking a 4.94% decrease from the same period last year.
July 26, 2023 | 11:57 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Ryder System's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Ryder System's earnings beat estimates, which could have a positive impact on the stock. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, could have a negative impact. The net effect is likely to be neutral in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100