R Earnings Prediction
The chart below shows how R performed 10 days before and after its earnings report, based on data from the past quarters. Typically, R sees a -0.11% change in stock price 10 days leading up to the earnings, and a +4.69% change 10 days following the report. On the earnings day itself, the stock moves by +1.54%. This data can give you a slight idea of what to expect for the next quarter's release.
R Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.17B
8.34%
-0.44%
Gross Margin
20.20%
-1.08%
2.18%
Operating Margin
8.59%
2.51%
7.24%
Net Margin
4.51%
-17.55%
13.89%
EPS
3.26
-5.78%
14.39%
No Data Available
R Earnings Analysis
Ryder System, Inc. Corporation (R.N) Earnings Conference Call
Positive
Revenue Increase Driven by Acquisitions: 1. Strong Revenue Growth: Ryder reported operating revenue of $2.6 billion in Q3 2024, reflecting a 9% increase from the prior year, driven by recent acquisitions.
Operating Cash Flow Increase: 2. Increased Operating Cash Flow: The company expects operating cash flow to reach $2.4 billion in 2024, which is 40% higher than the $1.7 billion generated in 2018.
Return on Equity Improvement: 3. Robust Return on Equity: Ryder's return on equity (ROE) for the trailing 12 months stands at 16%, with expectations to increase to 16% to 16.5% in 2024, surpassing the 13% ROE from the previous peak cycle.
Shareholder Capital Return: 4. Shareholder Returns: Year-to-date, Ryder has returned $382 million to shareholders through share repurchases and dividends, demonstrating a commitment to returning capital to investors.
Supply Chain Revenue Growth: 5. Growth in Supply Chain Segment: The Supply Chain segment saw a 10% increase in operating revenue, with earnings up 14% year-over-year, primarily due to stronger omni-channel retail performance.
Negative
EPS Decline Analysis: 1. Decline in Comparable EPS: Comparable earnings per share from continuing operations decreased to $3.44 in Q3 2024, down from $3.58 in the prior year, reflecting weaker market conditions in used vehicle sales and rental.
Declining Rental Utilization: 2. Weak Rental Utilization: Rental utilization on the power fleet was 71%, compared to 75% in the prior year, indicating ongoing weakness in the freight environment.
Used Vehicle Sales Decline: 3. Significant Drop in Used Vehicle Proceeds: Used tractor proceeds declined by 22% and used truck proceeds declined by 19% compared to the prior year, highlighting a challenging market for used vehicle sales.
Free Cash Flow Improvement: 4. Lower Year-to-Date Free Cash Flow: Year-to-date free cash flow increased to $218 million, but this was only a modest improvement from $32 million in the prior year, primarily due to lower proceeds from the sale of used vehicles.
Capital Expenditure Reduction: 5. Reduced Capital Expenditures: Year-to-date lease capital spending of $1.5 billion was below the prior year, reflecting lower lease sales activity and economic uncertainty, with full year 2024 capital expenditures forecasted to be approximately $2.9 billion, down from the prior year.
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R Earning Call Sentiment
Ryder System, Inc. (R) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
R.N
-1.85%Positive
The earnings call summary indicates strong financial performance, particularly in operating revenue growth and acquisitions. The shareholder return plan is also positive with a new share repurchase program and increased dividends. Despite weaker EPS and ROE, optimistic guidance and strategic acquisitions provide a positive outlook. The Q&A session highlights some uncertainties, such as rental market recovery, but doesn't significantly alter the positive sentiment. Overall, the sentiment leans positive due to strategic growth initiatives and shareholder return plans, likely resulting in a 2% to 8% stock price increase.