Ryder System Q3 Adj. EPS $3.58 Beats $3.22 Estimate, Sales $2.92B Miss $2.99B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryder System (NYSE:R) reported Q3 adjusted earnings of $3.58 per share, beating the analyst consensus estimate of $3.22 by 11.18%. However, this is a 19.55% decrease from the same period last year. The company's quarterly sales were $2.92 billion, missing the analyst consensus estimate of $2.99 billion by 2.21%, and marking a 3.69% decrease from the same period last year.
October 25, 2023 | 11:56 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Ryder System's Q3 earnings beat estimates but are down 19.55% YoY. Sales missed estimates and are down 3.69% YoY.
Ryder System's Q3 earnings beat the estimates, which is a positive signal. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100