Freight transportation intermediary C.H. Robinson (NASDAQ:CHRW) will be reporting results this Wednesday after the bell. Here’s what investors should know.
C.H. Robinson Worldwide missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $4.14 billion, down 10.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and an impressive beat of analysts’ EBITDA estimates.
Is C.H. Robinson Worldwide a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting C.H. Robinson Worldwide’s revenue to decline 4.7% year on year to $3.99 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.13 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 Q4 results, giving us a hint as to what we can expect. FedEx delivered year-on-year revenue growth of 6.8%, beating analysts’ expectations by 3%, and Knight-Swift Transportation reported flat revenue, falling short of estimates by 2.4%. FedEx’s stock price was unchanged after the resultswhile Knight-Swift Transportation was up 2.6%.
Read our full analysis of FedEx’s results here and Knight-Swift Transportation’s results here.
There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 8.7% on average over the last month. C.H. Robinson Worldwide is up 8.7% during the same time and is heading into earnings with an average analyst price target of $173.28 (compared to the current share price of $178.14).
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