C.H. Robinson(US:CHRW) ZACKS·2024-10-30 23:36Core Insights - C.H. Robinson Worldwide (CHRW) reported a revenue of $4.64 billion for the quarter ended September 2024, marking a year-over-year increase of 7% and exceeding the Zacks Consensus Estimate of $4.5 billion by 3.16% [1] - The company's earnings per share (EPS) for the same period was $1.28, compared to $0.84 a year ago, representing a surprise of 14.29% against the consensus estimate of $1.12 [1] Revenue Performance - Total Revenue- NAST was reported at $2.93 billion, which is a decline of 4.9% year-over-year and below the average estimate of $3.02 billion [3] - Total Revenue- All Other and Corporate reached $568.83 million, exceeding the estimated $551.04 million and showing a year-over-year increase of 6.3% [3] - Total Revenue- Global Forwarding was $1.14 billion, significantly higher than the average estimate of $896.14 million, reflecting a year-over-year growth of 58.7% [3] Profit Metrics - Adjusted Gross Profit- Global Forwarding was reported at $234.64 million, surpassing the average estimate of $181.83 million [3] - Adjusted Gross Profit- NAST was $420.66 million, slightly above the average estimate of $411.13 million [3] - Adjusted Gross Profit- All Other and Corporate- Robinson Fresh was $36.71 million, exceeding the average estimate of $33.75 million [3] Stock Performance - C.H. Robinson's shares have returned -1.6% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]