Ryder System, Inc. (NYSE:R) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, R to report 3Q20 loss of $ 0.32 per share.
For the full year, analysts anticipate top line of $ 8166.61 million, while looking forward to loss of $ 2.63 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 9,000.00 million ~ $ 9,000.00 million, where as bottomline are predicted in a range of $ 1.10 ~ $ 1.50 per share
Click Here For More Historical Outlooks Of Ryder System, Inc.
Previous Quarter Performance
Ryder System, Inc. unveiled loss for the second quarter of $ 0.95 per share, from the revenue of $ 1,895.00 million. The quarterly revenues decreased 15.59 percent compared with the same quarter last year. Wall street analysts are predicting, R to report 2Q20 loss of $ 1.29 per share from revenue of $ 1972.91 million. The bottom line results beat street analysts by $ 0.34 or 26.36 percent, at the same time, top line results fell short of analysts by $ 77.91 million or 3.95 percent.
Stock Performance
Shares of Ryder System, Inc. traded low $ -0.44 or -0.87 percent on Tuesday, reaching $ 50.29 with volume of 335.20 thousand shares. Ryder System, Inc. has traded high as $ 50.96 and has cracked $ 50.21 on the downward trend
According to the previous trading day, closing price of $ 50.29, representing a 124.27 % increase from the 52 week low of $ 22.62 and a 11.59 % decrease over the 52 week high of $ 57.38.
The company has a market capital of $ 2.83 billion and is part of the Industrials sector and Rental & Leasing Services industry.
Recent Analyst recommendations
- On 9th October 2020, upgraded by JPMorgan Chase & Co. to Neutral from Underweight rating.
- On 24th September 2020, initiated by Wells Fargo & Co at Underweight rating, with $ 40.00 target price.
Conference Call
Ryder System, Inc. will be hosting a conference call at 11:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ryder.com
Ryder System, Inc. provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS).
