C.H. Robinson Worldwide (CHRW) Reports Next Week: Wall Street Expects Earnings Growth
C.H. RobinsonC.H. Robinson(US:CHRW) ZACKS·2024-07-24 15:07

Core Viewpoint - The stock movement may not solely depend on earnings results, as other factors can influence investor sentiment and stock performance [1][3]. Earnings Expectations - C.H. Robinson Worldwide (CHRW) is expected to report revenues of $4.48 billion, reflecting a year-over-year increase of 1.4% [4]. - The consensus EPS estimate for the upcoming quarter is $0.92 per share, indicating a year-over-year change of +2.2% [13]. - Over the last four quarters, C.H. Robinson has beaten consensus EPS estimates two times [9]. Earnings Surprise Prediction - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with a positive Earnings ESP indicating a higher likelihood of an earnings beat [5][15]. - C.H. Robinson has a positive Earnings ESP of +5.29%, suggesting analysts have recently become more optimistic about the company's earnings prospects [16]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) have a nearly 70% chance of delivering a positive surprise [6]. Analyst Revisions and Market Sentiment - The direction of estimate revisions by analysts can provide insights into business conditions leading up to earnings releases [14]. - C.H. Robinson currently holds a Zacks Rank of 2, indicating a favorable outlook [7]. - The Most Accurate Estimate for C.H. Robinson is higher than the Zacks Consensus Estimate, reinforcing the expectation of an earnings beat [16]. Recent Performance - In the last reported quarter, C.H. Robinson was expected to post earnings of $0.60 per share but delivered $0.86, resulting in a surprise of +43.33% [18]. Conclusion - C.H. Robinson is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors before making investment decisions [20].