Ryder System Q1 2024 Adj EPS $2.14 Beats $1.71 Estimate, Sales $3.098B Beat $3.062B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ryder System (NYSE:R) reported Q1 2024 adjusted EPS of $2.14, surpassing the $1.71 estimate, and sales of $3.098B, exceeding the $3.062B estimate. This represents a 23.84% decrease in earnings and a 4.95% increase in sales year-over-year.
April 23, 2024 | 10:57 am
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Ryder System reported a significant beat on both earnings and sales estimates for Q1 2024, with adjusted EPS at $2.14 and sales of $3.098B.
Beating both earnings and sales estimates significantly, especially by 25.15% for EPS, indicates strong operational performance and could lead to positive investor sentiment in the short term. The year-over-year decrease in earnings might temper some enthusiasm, but the overall beat is likely to be viewed positively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100