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Ryder (R) Stock Sinks As Market Gains: What You Should Know

·3 min read

Ryder (R) closed the most recent trading day at $70.35, moving -1.75% from the previous trading session. This move lagged the S&P 500's daily gain of 0.95%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.15%.

Heading into today, shares of the truck leasing company had lost 7.86% over the past month, lagging the Transportation sector's loss of 3.6% and the S&P 500's loss of 3.49% in that time.

Ryder will be looking to display strength as it nears its next earnings release, which is expected to be July 27, 2022. The company is expected to report EPS of $4.10, up 70.83% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.85 billion, up 19.64% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.38 per share and revenue of $11.47 billion. These totals would mark changes of +50.1% and +18.74%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Ryder. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.73% higher. Ryder currently has a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that Ryder has a Forward P/E ratio of 4.98 right now. For comparison, its industry has an average Forward P/E of 12.17, which means Ryder is trading at a discount to the group.

The Transportation - Equipment and Leasing industry is part of the Transportation sector. This group has a Zacks Industry Rank of 51, putting it in the top 21% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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