Analyst Consensus ?
ConsensusBuy33 ratings
Bullish2369.7%
Neutral1030.3%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Ryder System, Inc. · R · FY2025 Q4 · Calendar Q1 2026
Ryder maintains 2026 outlook as asset-light mix and technology investments advance
Ryder's transcript supports a constructive but conditional view: management described ongoing earnings benefits from pricing, maintenance savings, omnichannel optimization, and a growing asset-light mix, while the 2026 outlook assumes no freight-market pickup. The case depends on execution and resilience in used vehicles, rental demand, and driver availability.
Reported Before market openNYSEIndustrials
$10.18B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.59
Consensus $3.66
EPS surprise
-1.9%
Reported versus consensus
Reported revenue
$3.17B
Consensus $3.20B
Revenue surprise
-0.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.4%
Event window
SPY move
-0.0%
Same window
Abnormal move
+2.4%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
-13.9%
Up to 20 sessions
RSPY benchmark
Ask FN2 about R FY2025 Q4
Transcript, numbers and history already loaded
Why did R rise 2.4% after missing EPS estimates in FY2025 Q4?What changed in R's guidance and outlook in FY2025 Q4?Give me the bull and bear case for R after FY2025 Q4 earnings.
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Transcript intelligence
What changed
The current analysis points to a more advanced asset-light transformation, with 62% of revenue from supply chain and dedicated businesses, $225 million of annual strategic-initiative benefits, and a new Baton AI platform. Capital spending is being rebalanced toward leasing, and John Diez is set to become CEO.
Guidance delta
Management maintained its outlook, calling for 2026 EPS of $13.45-$14.45, ROE of 17%-18%, and free cash flow of $700-$800 million without assuming a market pickup.
Key takeaways
- Management said asset-light supply chain and dedicated businesses reached 62% of 2025 revenue.
- Strategic initiatives are delivering $225 million of annual earnings benefits, with $170 million of additional benefits projected for 2026.
- Capital spending is being rebalanced toward lease capex while rental capex declines.
- The company highlighted Baton AI, Flex, and a CEO transition to John Diez.
Management priorities
- Expand the asset-light supply chain and dedicated businesses.
- Develop Baton and integrate it with Ryder Share and Guide.
- Optimize the omnichannel warehouse footprint and Flex operating structure.
- Maintain capital allocation through growth spending, buybacks, and dividend increases.
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Analyst 52W Price Targets
$270.9Current
$90Low
$239.75Average
$320High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Oct 23, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Oct 23, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 23, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 23, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 23, 2026 |
| Susquehanna | Positive | Positive | Maintain | Oct 2, 2026 |
| Baird | Neutral | Outperform | Downgrade | Sep 29, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 6, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jan 8, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Dec 12, 2024 |
| Vertical Research | Buy | Hold | Upgrade | Jun 14, 2024 |
| Stifel | Hold | Hold | Maintain | Apr 27, 2023 |
| Truist Securities | Buy | Buy | Maintain | Apr 15, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 17, 2020 |
| CFRA | Hold | Hold | Maintain | Feb 14, 2020 |
| Loop Capital | Buy | Hold | Upgrade | Jan 13, 2020 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Oct 31, 2019 |
| KeyBanc | Overweight | Downgrade | Jul 31, 2019 | |
| Deutsche Bank | Buy | Buy | Maintain | Dec 3, 2018 |
| Buckingham Research | Buy | Buy | Maintain | Oct 12, 2018 |
| Buckingham | Buy | Buy | Maintain | Oct 12, 2018 |
| Mizuho | Buy | Buy | Maintain | Jun 29, 2018 |
| Seaport Global | Neutral | Neutral | Maintain | Apr 21, 2017 |
| Aegis Capital | Buy | Buy | Maintain | Oct 24, 2016 |
| CLSA | Buy | Buy | Maintain | Sep 30, 2016 |
| RBC Capital | Sector Perform | Top Pick | Downgrade | Jan 7, 2016 |
| Raymond James | Strong Buy | Outperform | Upgrade | Aug 28, 2015 |
| BMO Capital | Perform | Market Perform | Maintain | Sep 4, 2014 |
| Avondale Partners | Perform | Market Perform | Maintain | Feb 21, 2014 |
| Wunderlich Securities | Buy | Buy | Maintain | Dec 19, 2013 |
| Wunderlich | Buy | Buy | Maintain | Dec 19, 2013 |
| Jefferies | Buy | Buy | Maintain | Jul 24, 2013 |
| BB&T Capital | Hold | Buy | Downgrade | Jul 9, 2013 |
| Longbow Research | Buy | Buy | Maintain | Aug 9, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $270.9. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Stephens | Bascome Majors | $305 | $265.53 | +12.6% | Oct 23, 2026 |
| Robert W. Baird | Analyst unavailable | $260 | $265.53 | -4.0% | Oct 23, 2026 |
| Barclays | Analyst unavailable | $315 | $265.53 | +16.3% | Oct 23, 2026 |
| Janney Montgomery | Analyst unavailable | $285 | $232.32 | +5.2% | Oct 8, 2026 |
| Susquehanna | Analyst unavailable | $280 | $233.84 | +3.4% | Oct 2, 2026 |
| Robert W. Baird | Dan Moore | $245 | $233.93 | -9.6% | Sep 29, 2026 |
| Barclays | Brandon Oglenski | $300 | $260.13 | +10.7% | Jul 29, 2026 |
| Morgan Stanley | Ravi Shanker | $320 | $270.56 | +18.1% | Jul 24, 2026 |
| Susquehanna | Analyst unavailable | $310 | $264.25 | +14.4% | Jul 24, 2026 |
| Wells Fargo | Analyst unavailable | $300 | $267.91 | +10.7% | Jul 24, 2026 |
| Morgan Stanley | Analyst unavailable | $280 | $265.39 | +3.4% | Jul 6, 2026 |
| Barclays | Brandon Oglenski | $290 | $261.01 | +7.1% | Jun 25, 2026 |
| Robert W. Baird | Analyst unavailable | $290 | $274.66 | +7.1% | Jun 17, 2026 |
| Wells Fargo | Robert Salmon | $290 | $264.96 | +7.1% | Jun 5, 2026 |
| Goldman Sachs | Jordan Alliger | $245 | $242.59 | -9.6% | Apr 24, 2026 |
| Robert W. Baird | Daniel Moore | $253 | $242.59 | -6.6% | Apr 24, 2026 |
| Barclays | Analyst unavailable | $250 | $242.59 | -7.7% | Apr 24, 2026 |
| Goldman Sachs | Analyst unavailable | $219 | $211.97 | -19.2% | Feb 13, 2026 |
| Susquehanna | Harrison Bauer | $250 | $208.01 | -7.7% | Feb 13, 2026 |
| Wells Fargo | Analyst unavailable | $236 | $217.31 | -12.9% | Feb 12, 2026 |
| Morgan Stanley | Ravi Shanker | $250 | $186.39 | -7.7% | Dec 8, 2025 |
| Wells Fargo | Analyst unavailable | $210 | $180.01 | -22.5% | Dec 5, 2025 |
| Barclays | Analyst unavailable | $220 | $189.95 | -18.8% | Oct 2, 2025 |
| Robert W. Baird | Garrett Holland | $155 | $132 | -42.8% | Jul 26, 2024 |
| Morgan Stanley | Christyne McGarvey | $165 | $121 | -39.1% | Jun 24, 2024 |
| Vertical Research | Jeffrey Kauffman | $145 | $120.19 | -46.5% | Jun 14, 2024 |
| Stifel Nicolaus | Bert Subin | $90 | $71.55 | -66.8% | Jun 17, 2022 |
| Wells Fargo | Analyst unavailable | $68 | $70.96 | -74.9% | Apr 28, 2022 |
| Stifel Nicolaus | Joseph DeNardi | $93 | $78.68 | -65.7% | Feb 18, 2022 |
Track every rating change on R the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationRyder System, Inc. functions as a worldwide provider of logistics and transportation services, operating through three distinct segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers extensive vehicle services, including full-service leasing and leasing options that feature flexible maintenance. It also supplies maintenance services, necessary equipment, and various provisions for vehicle operation. This segment further provides commercial vehicle rental services, as well as both contractual and transactional maintenance for trucks, tractors, and trailers, supported by comprehensive fleet support. Customers also gain access to diesel fuel, coupled with services for fuel planning, tax reporting, fuel cards, usage monitoring, and consolidated billing. Ryder sells its pre-owned vehicles via 63 retail centers and its dedicated website.…
Historical context
All R earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FIX Comfort Systems USA, Inc. | FY2026 Q3 · Calendar Q4 2026 | +8.2% | -8.5% | Comfort Systems USA: Strong Growth, Record Backlog, Margin Watchpoints |
| BE Bloom Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +36.0% | -8.7% | Bloom Energy Raises Outlook as AI Power Demand Drives Expansion |
| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | -5.9% | -3.4% | Snap-on: C&I strength offsets organic sales pressure in Q3 |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +1.7% | Honeywell Raises 2026 Outlook as Backlog and Forge Support Growth |
| LMT Lockheed Martin Corporation | FY2026 Q3 · Calendar Q4 2026 | +6.0% | +7.0% | Lockheed Martin: backlog and guidance rise, with execution risks |
| NSC Norfolk Southern Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.6% | +3.1% | Norfolk Southern posts strong Q3 as capex outlook rises |
Latest beats and misses
Who reports nextBeat on EPS
- RITM-PDFY2026 Q3 · October 23, 2026+10.2% EPS— move
- FIXFY2026 Q3 · October 22, 2026+8.2% EPS-8.5% move
- DECKFY2027 Q2 · October 22, 2026+13.4% EPS-0.2% move
- OMCFY2026 Q3 · October 22, 2026+2.2% EPS+2.6% move
- SSNCFY2026 Q3 · October 22, 2026+0.6% EPS+2.8% move
- BEFY2026 Q3 · October 22, 2026+36.0% EPS-8.7% move
Missed on EPS
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
- HBANPFY2026 Q3 · October 22, 2026-5.3% EPS0.0% move
Get the R recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-24T00:50:40.838017+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T00:50:40.835281+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.