It has been a few month for the reason that final earnings report for Ryder (R). Shares have misplaced about 15.3% in that time-frame, underperforming the S&P 500.
Will the latest adverse development proceed main as much as its subsequent earnings launch, or is Ryder due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast take a look at the newest earnings report with the intention to get a greater deal with on the essential drivers.
How Have Estimates Been Shifting Since Then?
It seems, recent estimates have trended upward in the course of the previous month.
VGM Scores
Presently, Ryder has a median Progress Rating of C, nevertheless its Momentum Rating is doing so much higher with an A. Following the very same course, the inventory was allotted a grade of A on the worth aspect, placing it within the prime quintile for this funding technique.
Total, the inventory has an combination VGM Rating of A. When you aren’t targeted on one technique, this rating is the one you ought to be desirous about.
Outlook
Estimates have been trending upward for the inventory, and the magnitude of this revision appears promising. Notably, Ryder has a Zacks Rank #4 (Promote). We anticipate a under common return from the inventory within the subsequent few months.
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Ryder System, Inc. (R) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
