S&P 500 (NYSE:SPY) component Ryder System, Inc. (NYSE:R) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Ryder System is a global provider of transportation and supply chain management solutions.
Ryder System, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.10 per share, a rise of 13.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.09. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.10 during the last month. For the year, analysts are projecting net income of $3.96 per share, a rise of 12.2% from last year.
Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.28 per share versus a mean estimate of net income of $1.18 per share.
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A Look Back: In the third quarter, profit rose 32.8% to $75.1 million ($1.47 a share) from $56.5 million ($1.10 a share) the year earlier, exceeding analyst expectations. Revenue rose 0.2% to $1.57 billion from $1.57 billion.
Here’s how Ryder System traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
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