Overview

* Ryder Q3 total revenue stable at $3.2 bln, operating revenue up 1%

* Adjusted EPS of $3.57 beats analyst expectations

* Company benefits from strategic initiatives and share repurchases

Outlook

* Ryder projects FY25 comparable (non-GAAP) EPS of $12.85 - $13.05

* Company expects FY25 operating revenue (non-GAAP) to grow by 1%

* Ryder anticipates FY25 free cash flow of $900 mln - $1 bln

Result Drivers

* FMS PERFORMANCE - Higher ChoiceLease earnings driven by pricing and maintenance cost-saving initiatives

* DTS CHALLENGES - Revenue declines due to lower fleet count reflecting weak freight market conditions, partially offset by acquisition synergies

* SCS COST PRESSURES - Revenue growth offset by e-commerce network performance and medical costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $3.20

Revenue bln

Q3 Miss $2.60 $3.19

Operatin bln bln (6

g Analysts

Revenue )

Q3 Beat $3.57 $3.55 (9

Adjusted Analysts

EPS )

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the ground freight & logistics peer group is "buy"

* Wall Street's median 12-month price target for Ryder System Inc ( R ) is $202.00, about 8.3% above its October 21 closing price of $185.18

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)