Published on 26 Apr 2024 on Zacks via Yahoo Finance
Ryder System, Inc. (R) Hit a 52 Week High, Can the Run Continue?
Have you been paying attention to shares of Ryder (R)? Shares have been on the move with the stock up 5.4% over the past month. The stock hit a new 52-week high of $122.81 in the previous session. Ryder has gained 6% since the start of the year compared to the 0.8% move for the Zacks Transportation sector and the 12.6% return for the Zacks Transportation - Equipment and Leasing industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 23, 2024, Ryder reported EPS of $2.14 versus consensus estimate of $1.62 while it beat the consensus revenue estimate by 2.82%.