Ryder Now Sees FY24 Total Revenue Growth ~7% (Prior ~8%), Revises Adj EPS Outlook From $11.90 - $12.40 To $11.90 - $12.10 (Est $12.13)
Portfolio Pulse from Benzinga Newsdesk
Ryder has revised its FY24 total revenue growth forecast from approximately 8% to 7% and adjusted its EPS outlook from $11.90 - $12.40 to $11.90 - $12.10, slightly below the estimated $12.13.
October 24, 2024 | 11:00 am
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Ryder has lowered its FY24 revenue growth forecast and adjusted its EPS outlook, indicating potential challenges in meeting previous expectations.
Ryder's revision of its revenue growth forecast from ~8% to ~7% and the adjustment of its EPS outlook to a range below the estimated $12.13 suggests potential challenges in achieving previous financial targets. This could lead to a negative short-term impact on the stock price as investors may reassess the company's growth prospects.
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