Analyst Consensus ?
ConsensusBuy33 ratings
Bullish2266.7%
Neutral1133.3%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Ryder System, Inc. · R · FY2026 Q2 · Calendar Q3 2026
Ryder leans on contracts, asset-light growth and automation
Ryder's contractual base, asset-light mix and automation initiatives support a constructive operating trajectory, but the thesis depends on freight demand, project execution and disciplined capital deployment.
Reported Before market openNYSEIndustrials
$10.18B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.73
Consensus $3.69
EPS surprise
+1.1%
Reported versus consensus
Reported revenue
$3.35B
Consensus $3.29B
Revenue surprise
+1.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.1%
Event window
SPY move
-1.2%
Same window
Abnormal move
-1.8%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
-7.5%
Up to 20 sessions
RSPY benchmark
Ask FN2 about R FY2026 Q2
Transcript, numbers and history already loaded
Why did R fall 3.1% after beating EPS estimates in FY2026 Q2?What changed in R's guidance and outlook in FY2026 Q2?Give me the bull and bear case for R after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis adds a seventh consecutive quarter of comparable EPS growth, a higher 2026 EPS-guidance floor, and further emphasis on Agentic AI, while noting slower supply-chain onboarding and competitive, regulatory and demand risks.
Guidance delta
Management raised the low end of its 2026 EPS guidance.
Key takeaways
- Management reported a seventh straight quarter of comparable EPS growth.
- The company expects asset-light supply chain and dedicated businesses to provide about 60% of revenue.
- More than 90% of revenue comes from long-term contracts, supporting resilience.
- AI, automation and robotics remain central to efficiency and customer-experience plans.
- Management highlighted flexible capital for growth, acquisitions and shareholder returns.
Management priorities
- Roll out RyderShare, RyderGyde and other Agentic AI capabilities
- Execute initiatives targeting incremental benefits in 2026
- Launch a new health-care account within supply chain
- Optimize fleet mix, including a higher truck share
- Evaluate strategic acquisitions using flexible capital
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$265.53Current
$90Low
$234.47Average
$320High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 23, 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 |
|---|---|---|---|---|
| Citigroup | Buy | Neutral | Upgrade | Oct 8, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Oct 5, 2026 |
| Susquehanna | Positive | Positive | Maintain | Oct 2, 2026 |
| Baird | Neutral | Outperform | Downgrade | Sep 29, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 29, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 24, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 6, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jan 8, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Jul 29, 2025 |
| 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 $265.53. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Janney Montgomery | Analyst unavailable | $285 | $232.32 | +7.3% | Oct 8, 2026 |
| Susquehanna | Analyst unavailable | $280 | $233.84 | +5.4% | Oct 2, 2026 |
| Robert W. Baird | Dan Moore | $245 | $233.93 | -7.7% | Sep 29, 2026 |
| Barclays | Brandon Oglenski | $300 | $260.13 | +13.0% | Jul 29, 2026 |
| Morgan Stanley | Ravi Shanker | $320 | $270.56 | +20.5% | Jul 24, 2026 |
| Susquehanna | Analyst unavailable | $310 | $264.25 | +16.7% | Jul 24, 2026 |
| Wells Fargo | Analyst unavailable | $300 | $267.91 | +13.0% | Jul 24, 2026 |
| Morgan Stanley | Analyst unavailable | $280 | $265.39 | +5.4% | Jul 6, 2026 |
| Barclays | Brandon Oglenski | $290 | $261.01 | +9.2% | Jun 25, 2026 |
| Robert W. Baird | Analyst unavailable | $290 | $274.66 | +9.2% | Jun 17, 2026 |
| Wells Fargo | Robert Salmon | $290 | $264.96 | +9.2% | Jun 5, 2026 |
| Goldman Sachs | Jordan Alliger | $245 | $242.59 | -7.7% | Apr 24, 2026 |
| Robert W. Baird | Daniel Moore | $253 | $242.59 | -4.7% | Apr 24, 2026 |
| Barclays | Analyst unavailable | $250 | $242.59 | -5.8% | Apr 24, 2026 |
| Goldman Sachs | Analyst unavailable | $219 | $211.97 | -17.5% | Feb 13, 2026 |
| Susquehanna | Harrison Bauer | $250 | $208.01 | -5.8% | Feb 13, 2026 |
| Wells Fargo | Analyst unavailable | $236 | $217.31 | -11.1% | Feb 12, 2026 |
| Morgan Stanley | Ravi Shanker | $250 | $186.39 | -5.8% | Dec 8, 2025 |
| Wells Fargo | Analyst unavailable | $210 | $180.01 | -20.9% | Dec 5, 2025 |
| Barclays | Analyst unavailable | $220 | $189.95 | -17.1% | Oct 2, 2025 |
| Robert W. Baird | Garrett Holland | $155 | $132 | -41.6% | Jul 26, 2024 |
| Morgan Stanley | Christyne McGarvey | $165 | $121 | -37.9% | Jun 24, 2024 |
| Vertical Research | Jeffrey Kauffman | $145 | $120.19 | -45.4% | Jun 14, 2024 |
| Stifel Nicolaus | Bert Subin | $90 | $71.55 | -66.1% | Jun 17, 2022 |
| Wells Fargo | Analyst unavailable | $68 | $70.96 | -74.4% | Apr 28, 2022 |
| Stifel Nicolaus | Joseph DeNardi | $93 | $78.68 | -65.0% | 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 |
|---|---|---|---|---|
| ALLE Allegion plc | FY2026 Q3 · Calendar Q4 2026 | +4.0% | +11.0% | Allegion raises outlook as Americas growth powers Q3 |
| BE Bloom Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -8.7% | Bloom Energy Raises Revenue Outlook as AI Power Demand Drives Growth |
| SNA Snap-on Incorporated | FY2026 Q3 · Calendar Q4 2026 | — | -3.4% | Snap-on: C&I strength offsets tools and diesel headwinds |
| HON Honeywell International Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +1.7% | Honeywell raises 2026 outlook as backlog and Forge support growth |
| ROL Rollins, Inc. | FY2026 Q3 · Calendar Q4 2026 | -1.4% | +5.6% | Rollins lowers growth outlook as AI search pressures residential demand |
| URI United Rentals, Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.3% | +3.9% | United Rentals Q3: Records, Raised Guidance and Strong Specialty Demand |
Latest beats and misses
Who reports nextBeat on EPS
- NDAQFY2026 Q3 · October 22, 2026+2.0% EPS+7.5% move
- DOWFY2026 Q3 · October 22, 2026+11.3% EPS+4.7% move
- ALLEFY2026 Q3 · October 22, 2026+4.0% EPS+11.0% move
- CBREFY2026 Q3 · October 22, 2026+4.6% EPS-2.5% move
- RFY2026 Q3 · October 22, 2026+4.3% EPS+10.5% move
- WDCFY2027 Q1 · October 22, 2026+12.9% EPS-6.4% move
Missed on EPS
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 · 2026-07-23T17:04:05.319463+00:00
- FN2 earnings calendar · 2026-08-27T01:23:13.912278+00:00
- Polygon adjusted daily market bars · 2026-10-23T04:00:41.632077+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-23T04:00:41.629279+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 2026-10-23. For educational purposes only; not investment advice.