Ryder Raised FY23 Adj. EPS Outlook To $12.60 - $12.85 ($12.20-$12.70) Vs $12.78 Est; Sees Total Revenue Growth ~(2%)
Portfolio Pulse from Benzinga Newsdesk
Ryder has increased its FY23 adjusted EPS outlook to $12.60 - $12.85, up from the previous range of $12.20-$12.70. However, the company expects total revenue growth to be around -2%.
October 25, 2023 | 12:02 pm
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Ryder's raised EPS outlook for FY23 could potentially boost investor confidence, but the projected -2% total revenue growth might offset this positive sentiment.
Ryder's raised EPS outlook indicates improved profitability, which is a positive signal for investors. However, the projected decrease in total revenue growth suggests potential challenges in the company's operations or market conditions, which could negatively impact investor sentiment. The net effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100