C.H. Robinson (CHRW) is scheduled to report third-quarter 2024 results on Oct. 30 after market close. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. C.H. Robinson has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 7.3%. The Zacks Consensus Estimate for CHRW's soon-to-be-reported quarter's earnings has been revised upward by 3.70% in the past 60 days to $1.12 per share. ...

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C.H. Robinson Worldwide (CHRW) is benefiting from its commendable cost-cutting initiatives. Shareholderfriendly initiatives are encouraging. However, high capex may play spoilsport. Factors Favoring CHRW C.H. Robinson's proactive cost-cutting initiatives bode well for the company. The fall in operating expenses is boosting the company's bottom line. In the first half of 2024,operating expenses decreased 1.7% year over year to $1 billion. Personnel expenses decreased 2.6% to $740.3 million, primarily due to ...

Core Insights - C.H. Robinson Worldwide (CHRW) is positioned to continue its earnings-beat streak, particularly in the upcoming earnings report [1] - The company has a history of exceeding earnings estimates, with an average surprise of 32.19% over the last two quarters [1][2] Earnings Performance - For the most recent quarter, C.H. Robinson reported earnings of $1.15 per share, surpassing the expected $0.95 per share, resulting in a surprise of 21.05% [2] - In the previous quarter, the company reported $0.86 per share against an expectation of $0.60 per share, achieving a surprise of 43.33% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for C.H. Robinson, with a positive Earnings ESP of +7.83%, indicating bullish sentiment among analysts [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat [6] Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4] - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] Upcoming Earnings Report - C.H. Robinson's next earnings report is expected to be released on October 30, 2024 [6]

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 8th: HCI Group (HCI) This company which is engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.0% over the last 60 days. HCI Group's shares gained 12.9% over the last three month compared with the ...

Group 1: Port Strike Overview - Dockworkers at U.S. East Coast and Gulf Coast ports initiated a large-scale strike on Oct. 1, 2024, marking the first such action in nearly five decades, following the breakdown of contract renewal negotiations [1][3] - Nearly 50,000 port workers represented by the International Longshoremen's Association (ILA) are involved in the strike after their six-year contract expired on Sept. 30, 2024 [1][3] Group 2: Reasons for the Strike - The strike was triggered by unacceptable wage increase proposals from the United States Maritime Alliance (USMX), with ILA members demanding a 61.5% increase over six years [4] - ILA President Harold Daggett highlighted that even a $5 hourly wage increase over six years would only average a 9.98% annual increase, insufficient to keep pace with inflation [4] Group 3: Economic Impact - The strike is projected to cost the economy $5 billion per day, disrupting shipments of essential goods across multiple states [5] - Closed ports handle nearly 60% of container shipments to the U.S., with significant implications for consumer goods availability and potential price hikes if the strike continues [6] Group 4: Transportation Sector Impact - The strike is expected to benefit international airfreight providers like UPS and FedEx, as demand for air freight is likely to increase due to the disruption [8] - Freight forwarders such as Expeditors and C.H. Robinson are also anticipated to see increased volumes as shippers turn to third-party logistics providers [9] - Conversely, East Coast railroads like Norfolk Southern may face adverse effects due to decreased volumes as goods stop moving into the ports [9] Group 5: Broader Implications - The ongoing strike could choke the flow of imports and exports in the U.S., necessitating an early resolution to avoid setbacks to the recovering economy [10]

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. C.H. Robinson Worldwide (CHRW) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. C.H. Robinson Worldwide is a member of our Transpor ...

Core Viewpoint - C.H. Robinson Worldwide, Inc. (CHRW) has seen a significant increase in its stock price, reaching a 52-week high, driven by strong dividend payments, share buybacks, and improved operational efficiency [1][2][8]. Dividend and Shareholder Returns - CHRW has maintained uninterrupted dividend payments for over 25 years, with a recent dividend hike of 1.6%, raising the quarterly cash dividend to 62 cents per share, resulting in a yield of 2.47% at the current stock price [2]. - The company returned approximately $886 million to shareholders in 2021, $1.74 billion in 2022, and $167.1 million in the first half of 2024 through dividends and share repurchases, indicating a strong commitment to shareholder value [3][4][5]. Financial Performance - CHRW's operating expenses decreased by 1.7% year over year in the first half of 2024, with personnel expenses down 2.6% to $740.3 million, reflecting effective cost optimization efforts [7]. - The company has a strong earnings surprise history, outperforming the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 7.33% [8]. Stock Performance - CHRW shares have gained 45.3% over the past six months, significantly outperforming its industry and the S&P 500 [8][9]. - The Zacks Consensus Estimate for CHRW's earnings per share indicates growth of 28.57% for Q3 2024 and 25.15% for the full year compared to 2023 [9]. Market Position - C.H. Robinson currently holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence in its performance [11].

Core Viewpoint - C.H. Robinson Worldwide, Inc. (CHRW) is experiencing positive momentum due to shareholder-friendly initiatives, cost-cutting measures, and efforts to enhance productivity amidst high expenses and weaker demand [1][9]. Financial Performance - The Zacks Consensus Estimate for CHRW's earnings per share (EPS) for Q3 and full-year 2024 indicates growth of 28.57% and 25.15% compared to 2023 [2]. - CHRW has maintained uninterrupted dividend payments for over 25 years, with a recent dividend increase of 1.6%, raising the quarterly cash dividend to 62 cents per share, yielding 2.47% at the current stock price [4]. - The company returned approximately $886 million to shareholders in 2021, $1.744 billion in 2022, and $291.56 million in cash dividends in 2023 [5][6]. Revenue Growth - The Zacks Consensus Estimate for CHRW's revenues in Q3 and Q4 2024 is projected at $4.52 billion and $4.54 billion, reflecting improvements of 4.1% and 4.5% from 2023 [8]. - Full-year revenue growth is expected to be 2% in 2024 and 4.3% in 2025, driven by higher pricing in ocean services and increased volumes in ocean and air services [8]. Cost Management - CHRW has successfully reduced operating expenses by 1.7% year-over-year in the first half of 2024, with personnel expenses down by 2.6% due to cost optimization efforts [9]. - The decrease in expenses is expected to positively impact the company's bottom line [9]. Stock Performance - CHRW shares have gained 35.4% in the past six months, outperforming both its industry and the S&P 500 [10]. - The company's earnings have surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 7.33% [10]. Competitive Position - CHRW's price performance this year has been favorable compared to industry peers such as Schneider National, Inc. and Expeditors International of Washington, Inc. [11].

Core Viewpoint - The improved earnings outlook and generous dividends of several transportation stocks make them attractive investment opportunities, with lower volatility compared to the broader market due to beta ratios under 1.0 [1]. Company Summaries C.H. Robinson Worldwide (CHRW) - C.H. Robinson is a third-party logistics operator with a Zacks Rank 1 (Strong Buy) and projected sales nearing $18 billion, indicating steady top-line growth [2]. - Annual earnings are expected to increase by 25% in fiscal 2024 and by another 12% in fiscal 2025, reaching $4.62 per share, with EPS estimates rising by 15% and 11% respectively over the last 60 days [2][3]. - The company offers a 2.46% annual dividend yield, surpassing the S&P 500's average of 1.31% [3]. Euroseas (ESEA) - Euroseas, also holding a Zacks Rank 1 (Strong Buy), operates in the dry cargo, dry bulk, and container shipping markets, with its Zacks Transportation-Shipping Industry ranking in the top 41% of all Zacks industries [3]. - Despite an expected contraction in EPS after a record year of $14.98, Euroseas trades at a low P/E multiple of 3.2X, supported by rising earnings estimates [4]. - The company currently offers a 5.61% annual dividend yield, which is competitive against the industry average of 5.85% [6]. Cool Company (CLCO) - Cool Company, rated Zacks Rank 2 (Buy), is considered undervalued at a forward P/E of 5.7X and operates fuel-efficient liquefied natural gas carriers [7]. - The stock trades just over $10 and offers a 14% dividend, appealing to income investors, with a low beta ratio of 0.43 [8]. - Earnings estimates for FY24 have increased by 9% in the last 30 days, while FY25 EPS estimates are up by 8% [9]. Industry Insights - The Zacks Transportation-Services Industry, which includes C.H. Robinson, is in the top 35% of over 250 Zacks industries, indicating a favorable environment for growth [3]. - Rising earnings estimate revisions across these transportation stocks suggest a higher probability of continued performance improvement, making it an opportune time for investment [11].