Ryder System Guides FY24 Adj. EPS In Line With Estimates - Update

RTTNews | 515 days ago
Stocktwits
Ryder System Guides FY24 Adj. EPS In Line With Estimates - Update

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Ryder System, Inc. (R) initiated its earnings, comparable earnings and revenue growth guidance for the full-year 2024. The company also provided financial outlook for the first quarter.

For fiscal 2024, the company now projects earnings in a range of $10.70 to $11.70 per share and comparable earnings in a range of $11.50 to $12.50 per share on total revenue growth of about 13 percent and operating revenue growth of about 13 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $11.91 per share on revenue growth of 5.5 percent to $12.38 billion for the year. Analysts' estimates usually exclude special items.

For the first quarter, the company expects earnings in a range of $1.28 to $1.53 per share and comparable earnings in a range of $1.55 to $1.80 per share. The Street is looking for earnings of $2.68 per share for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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Ryder System Boosts FY24 Earnings Outlook As Q1 Results Top Estimates

Ryder System Boosts FY24 Earnings Outlook As Q1 Results Top Estimates

While reporting financial results for the first quarter on Tuesday, Ryder System, Inc. (R) raised its earnings and comparable earnings guidance for the full-year 2024, while trimming revenue growth outlook. The company also provided financial outlook for the second quarter.
RTTNews | 446 days ago
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 2 days ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 2 days ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 2 days ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 2 days ago
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