C.H. Robinson(US:CHRW) ZACKS·2024-10-25 14:31Core Insights - C.H. Robinson (CHRW) is set to report its third-quarter 2024 results on October 30, with expectations of an earnings beat based on historical performance and current estimates [1][4]. Financial Performance Expectations - The Zacks Consensus Estimate for CHRW's upcoming quarter earnings is $1.12 per share, reflecting a 3.70% upward revision in the last 60 days, while revenue is projected at $4.50 billion, indicating a year-over-year growth of 3.7% [2]. - Revenue estimates from the transportation segment are expected to reach $4.12 billion, a 2.4% increase from the same quarter in 2023, while sourcing segment revenues are estimated at $330 million [2]. - North American Surface Transportation revenues are projected at $3.13 billion, a 1.3% increase year-over-year, and Global Forwarding segment revenues are anticipated to be $784 million, reflecting a 9% increase from the previous year [3]. Operational Efficiency and Challenges - The company is expected to benefit from improved operational efficiency due to cost-cutting initiatives and the integration of data science and AI, which may enhance bottom-line performance [3]. - However, high capital expenditures could negatively impact the company's prospects for the quarter ending in September [3]. Earnings Prediction Model - The earnings prediction model indicates a positive outlook for C.H. Robinson, with an Earnings ESP of +3.80% and a Zacks Rank of 3 (Hold), suggesting a favorable chance of an earnings beat [4]. Recent Performance Highlights - In the second quarter of 2024, C.H. Robinson reported earnings of $1.15 per share, exceeding the Zacks Consensus Estimate of 95 cents and showing a year-over-year improvement of 27.7% [5]. - Total revenues for Q2 2024 were $4.483 billion, slightly missing the consensus estimate but improving 1.4% year-over-year, driven by higher pricing in ocean services, offset by lower truckload service pricing [5].