Ryder System (R) Tops Q1 EPS by 14c, Raises FY EPS Guidance

Ryder System (NYSE: R) reported Q1 EPS of $1.11, $0.14 better than the analyst estimate of $0.97. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.13 billion.

GUIDANCE:

Ryder System sees Q2 2019 EPS of $1.34-$1.44, versus the consensus of $1.52.

The EPS forecast for the second quarter of 2019 includes a negative impact of $0.05 associated with the adoption of the new lease accounting standard compared to a benefit of $0.05 in the year earlier period. The lease accounting impact in the second quarter reflects an expected decline in the fleet age.

Ryder System sees FY2019 EPS of $6.05-$6.35, versus the consensus of $6.10.

• from the prior forecast of $6.00 to $6.30. In 2018, full-year comparable EPS was $5.97.

For earnings history and earnings-related data on Ryder System (R) click here.

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