C.H. Robinson Worldwide Earnings: What To Look For From CHRW

Freight transportation intermediary C.H. Robinson (NASDAQGS:CHRW) will be reporting earnings tomorrow afternoon. Here's what you need to know.

C.H. Robinson Worldwide beat analysts' revenue expectations by 3.1% last quarter, reporting revenues of $4.41 billion, down 4.3% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates and a solid beat of analysts' Global Forwarding revenue estimates.

Is C.H. Robinson Worldwide a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting C.H. Robinson Worldwide's revenue to grow 2.2% year on year to $4.52 billion, a reversal from the 35% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.96 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. C.H. Robinson Worldwide has missed Wall Street's revenue estimates six times over the last two years.

Looking at C.H. Robinson Worldwide's peers in the transportation and logistics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. FedEx posted flat year-on-year revenue, meeting analysts' expectations, and United Parcel Service reported a revenue decline of 1.1%, falling short of estimates by 1.9%. FedEx traded up 15.5% following the results while United Parcel Service was down 11.5%.

Read our full analysis of FedEx's results here and United Parcel Service's results here.

There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 10.2% on average over the last month. C.H. Robinson Worldwide is up 2.8% during the same time and is heading into earnings with an average analyst price target of $86.7 (compared to the current share price of $89.25).

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