- Ryder (NYSE:R) sees Q1 EPS of $0.50 to $0.60 vs. $0.57 consensus.
- For the full year, Ryder expects revenue to be up at a mid-single digit clip and sees EPS of $4.15 to $4.65 vs. $4.06 consensus. The company also issues an operating cash flow forecast of $2.2B and free cash flow forecast of $400M to $700M. A tax rate in the high 20's is forecast. Ryder expects to approach its interim target for adjusted ROE.
- Outlook: "While the 2021 market environment remains uncertain and may be impacted by developments related to COVID-19 and other factors, we expect improving economic conditions, continued secular trends that favor outsourcing, and progress on our strategic initiatives. Based on this outlook and an improved deal pipeline, we expect higher contractual sales activity. Operating revenue growth in SCS and DTS is expected to be within the high-single-digit target range, with FMS growth near the lower end of the mid-single digit target range."
- Ryder is down 3.05% after the Q4 earnings miss.