The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ryder System met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins dropped, and net margins grew.
Ryder System tallied revenue of $1.54 billion. The 11 analysts polled by S&P Capital IQ foresaw revenue of $1.54 billion. Sales were 17% higher than the prior-year quarter's $1.31 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.97. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.97 per share on the same basis. GAAP EPS of $0.93 for Q4 were 29% higher than the prior-year quarter's $0.72 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 45.5%, 70 basis points worse than the prior-year quarter. Operating margin was 5.8%, 70 basis points worse than the prior-year quarter. Net margin was 3.1%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.53 billion. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $6.41 billion. The average EPS estimate is $4.07.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 137 members out of 169 rating the stock outperform, and 32 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Ryder System a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ryder System is outperform, with an average price target of $64.56.
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