Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Ryder (NYSE:R) and its peers.
The growth of e-commerce and global trade continues to drive demand for shipping services, especially last-mile delivery, presenting opportunities for ground transportation companies. The industry continues to invest in data, analytics, and autonomous fleets to optimize efficiency and find the most cost-effective routes. Despite the essential services this industry provides, ground transportation companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies’ offerings while fuel costs can influence profit margins.
The 15 ground transportation stocks we track reported a slower Q4. As a group, revenues were in line with analysts’ consensus estimates.
While some ground transportation stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2.7% since the latest earnings results.
Ryder (NYSE:R)
As one of the first companies to introduce the idea of leasing trucks, Ryder (NYSE:R) provides rental vehicles to businesses and delivers packages directly to homes or businesses.Ryder reported revenues of $3.19 billion, up 5.5% year on year. This print fell short of analysts’ expectations by 1.5%. Overall, it was a slower quarter for the company with a significant miss of analysts’ EBITDA estimates and EPS guidance for next quarter missing analysts’ expectations.
The stock is up 4.4% since reporting and currently trades at $165.21.
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Best Q4: XPO (NYSE:XPO)
Owning a mobile game simulating freight operations for the Tour de France, XPO (NYSE:XPO) is a transportation company specializing in expedited shipping services.XPO reported revenues of $1.92 billion, flat year on year, in line with analysts’ expectations. The business had an exceptional quarter with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
The market seems happy with the results as the stock is up 7.8% since reporting. It currently trades at $146.99.
Weakest Q4: Werner (NASDAQ:WERN)
Conducting business in over a 100 countries, Werner (NASDAQ:WERN) offers full-truckload, less-than-truckload, and intermodal delivery services.Werner reported revenues of $754.7 million, down 8.2% year on year, falling short of analysts’ expectations by 0.9%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.
Werner delivered the slowest revenue growth in the group. Interestingly, the stock is up 1.8% since the results and currently trades at $35.30.
ArcBest (NASDAQ:ARCB)
Historically owning furniture, banking, and other subsidiaries, ArcBest (NASDAQ:ARCB) offers full-truckload, less-than-truckload, and intermodal deliveries of freight.ArcBest reported revenues of $1 billion, down 8.1% year on year. This number met analysts’ expectations. It was a very strong quarter as it also logged an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
The stock is flat since reporting and currently trades at $94.10.
Avis Budget Group (NASDAQ:CAR)
The parent company of brands such as Zipcar and Budget Truck Rental, Avis (NASDAQ:CAR) is a provider of car rental and mobility solutions.Avis Budget Group reported revenues of $2.71 billion, down 2% year on year. This result lagged analysts’ expectations by 1%. Overall, it was a disappointing quarter as it also produced a significant miss of analysts’ adjusted operating income estimates.
The stock is up 1.4% since reporting and currently trades at $91.
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