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].

C.H. Robinson Worldwide, Inc. (CHRW) has been benefiting from its consistent shareholder-friendly initiatives, cost-cutting measures and efforts to improve productivity and efficiency to mitigate high expenses and a weaker-than-expected demand scenario. The positive sentiment surrounding the CHRW stock is evident from the fact that the Zacks Consensus Estimate for the remaining quarters of 2024, as well as full-year 2024 earnings, has been revised upward in the past 90 days. The Zacks Consensus Estimate for ...

Having generous dividends, the improved earnings outlook for several transportation stocks has become attractive. Furthermore, these top transportation stocks have beta ratios under the preferred risk level of less than 1.0, suggesting they should be less volatile than the broader market. C.H. Robinson Worldwide (CHRW) Coveting a Zacks Rank #1 (Strong Buy) is third-party logistics operator C.H. Robinson Worldwide. Seeing steady top line growth with sales projections edging toward $18 billion, C.H. Robinson' ...