Freight transportation intermediary C.H. Robinson (NASDAQ: CHRW) will be reporting results this Wednesday after market hours. Here’s what to look for.
C.H. Robinson Worldwide missed analysts’ revenue expectations last quarter, reporting revenues of $4.01 billion, flat year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS 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, the market is expecting C.H. Robinson Worldwide’s revenue to grow 5.9% year on year, a reversal from the 7.7% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
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 delivered year-on-year revenue growth of 12.5%, beating analysts’ expectations by 4.3%, and Knight-Swift Transportation reported revenues up 12.6%, topping estimates by 2%. FedEx’s stock price was unchanged after the resultswhile Knight-Swift Transportation was down 4.9%.
Read our full analysis of FedEx’s results here and Knight-Swift Transportation’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the transportation and logistics stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. C.H. Robinson Worldwide is down 4.4% during the same time and is heading into earnings with an average analyst price target of $201.92 (compared to the current share price of $176.54).
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