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Based in Eden Prairie, Minnesota, C.H. Robinson Worldwide, Inc. (CHRW) is a global leader in third-party logistics and supply chain solutions. It is renowned for its extensive portfolio of services, including freight transportation, transportation management, brokerage, and warehousing. With a market cap of $10.61 billion, C.H. Robinson is recognized for its innovation, user-friendly platforms, and commitment to providing seamless logistics experiences. CHRW is scheduled to announce its fiscal Q2 earnings results after the market closes on Wednesday, Jul. 31.
Ahead of the event, analysts expect CHRW to report a profit of $0.92 per share, up 2.2% from $0.90 per share in the year-ago quarter. In the last four quarters, the company has surpassed or matched Wall Street’s bottom-line estimates in three and missed on another occasion.
C.H. Robinson Worldwide's adjusted earnings of $0.86 per share for the last quarter surpassed the consensus estimate by 43.3%. Higher ocean service pricing and volume drove the company's performance.
For fiscal 2024, analysts expect CHRW to report EPS of $3.65, up 10.6% from $3.30 in fiscal 2023.
CHRW stock is up 4.9% on a YTD basis, underperforming the broader S&P 500 Index's ($SPX) 16.5% gains. However, it has outperformed the iShares Transportation Average ETF (IYT), which marginally declined over the same time frame.
CHRW reported Q1 earnings on May 1. Revenue for the period was $4.41 billion, exceeding analysts' forecasts of $4.21 million. The stock surged 17% after beating expectations despite a challenging transportation environment.
The consensus opinion on CHRW stock is cautious, with an overall “Hold” rating. Out of 22 analysts covering the stock, four advise a “Strong Buy” rating, 16 suggest a “Hold” rating, and two recommend a “Strong Sell.”
This configuration is more bullish than three months ago when the stock had one “Strong Buy” rating. CHRW's average analyst price target is $86.65, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
