Ryder Stock Barely Moves Higher Since Q3 Earnings Release
Ryder(R) ZACKS·2024-10-29 02:15
Shares of Ryder System, Inc. (R) have moved 0.6% higher since its third-quarter 2024 earnings release on Oct. 24, 2024. The uptick can be attributed to the better-than-expected earnings performance. Quarterly earnings per share (EPS) of $3.44 surpassed the Zacks Consensus Estimate of $3.39. However, the bottom line plunged 3.9% year over year, reflecting weaker market conditions in rental and used vehicle sales, partially offset by higher earnings in contractual lease, supply chain, and dedicated businesses ...