C.H. Robinson Worldwide (CHRW) Tops Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - C.H. Robinson Worldwide reported quarterly earnings of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.12 per share, and up from $0.84 per share a year ago, representing an earnings surprise of 14.29% [1] - The company posted revenues of $4.64 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.16% and increasing from $4.34 billion year-over-year [2] Group 2: Stock Performance and Market Comparison - C.H. Robinson shares have increased approximately 25% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $4.5 billion, and for the current fiscal year, it is $4.21 on revenues of $17.9 billion [7] Group 3: Industry Outlook - The Transportation - Services industry, to which C.H. Robinson belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of C.H. Robinson's stock may be influenced by the overall outlook for the industry, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]