The article is talking about a company called Ryder R, which helps other companies with trucks and transportation services. They recently shared their financial results for the past three months, and they made more money than expected ($3.18 billion instead of the $3.25 billion that people thought they would make). However, they also spent more money than expected ($2.43 billion instead of the $2.24 billion that people thought they would spend). Because of this, they made less profit than expected ($180.6 million instead of the $258.3 million that people thought they would make). The stock price of Ryder R has gone up a little bit (5.8%) in the past month, but the article suggests that it might not do well in the future because of the lower-than-expected profits. Read from source...
- The article is a repost of a Zacks article, which is not original content.
- The article does not provide any analysis or insight on Ryder's earnings, but only summarizes the key metrics and compares them to estimates and the previous year.
- The article uses vague and misleading language, such as "influence top- and bottom-line performance", "project a stock's price performance more accurately", and "how they compare to Wall Street expectations".
- The article does not address the reasons behind the changes in the key metrics, nor does it discuss the implications for Ryder's business model, growth prospects, or competitive position.
- The article does not mention any risks or challenges that Ryder may face, or how the company is responding to them.
- The article does not provide any forward-looking guidance or outlook for Ryder, nor does it compare Ryder's valuation and performance to its peers or the market.
- The article ends with a self-promotional plug for Benzinga's services, which is irrelevant to the topic and detracts from the credibility of the article.
Overall, the article is poorly written, lacks originality, depth, and objectivity, and does not offer any value or insight to the readers. It is a typical example of clickbait journalism that relies on sensational headlines and meaningless numbers to attract attention, rather than providing meaningful and reliable information.
- For Q2 2024, Ryder R reported $3.18 billion in revenue, a year-over-year increase of 10.3% and a surprise of -2.09% on the consensus estimate of $3.25 billion.
- EPS of $3.00 for the same period compares to $3.61 a year ago and represents a surprise of +4.17% against the consensus estimate of $2.88.
- The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of -2.09%.
- Key metrics for the company's performance in the quarter:
- Operating Revenue- Fleet Management Solutions: $1.28 billion versus $1.29 billion estimated by two analysts on average.
- Operating Revenue- Dedicated Transportation Solutions: $485 million compared to the $528.41 million average estimate based on two analysts.
- Operating Revenue- Supply Chain Solutions: $989 million versus $951.35 million estimated by two analysts on average.
- Revenues- Supply Chain Solutions - Subcontracted transportation and fuel: -$352 million versus $353.94 million estimated by two analysts on average.
- Revenues- Fleet Management Solutions- SelectCare and other: $176 million versus the two-analyst average estimate of $171.64 million.
- Revenues- Dedicated Transportation Solutions: $635 million compared to the $698.73 million average estimate based on two analysts.
- Revenues- Eliminations: -$272 million versus -$234.47 million estimated by two analysts on average.
- Revenues- Fleet Management Solutions- Commercial rental: $244 million compared to the $254.69 million average estimate based on two analysts.
- Revenues- Fleet Management Solutions- ChoiceLease: $856 million versus the two-analyst average estimate of $861.14 million.
- Revenues- Fleet Management Solutions- Fuel services: $202 million versus the two-analyst average estimate of $192.92 million.
- Revenues- Supply Chain Solutions: $1.34 billion versus $1.31 billion estimated by two analysts on average.