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Is C.H. Robinson Worldwide (CHRW) Stock Outpacing Its Transportation Peers This Year?
C.H. RobinsonC.H. Robinson(US:CHRW) ZACKSยท2024-11-11 15:41

Company Performance - C.H. Robinson Worldwide (CHRW) has gained approximately 25.7% year-to-date, significantly outperforming the average gain of 4.6% in the Transportation sector [4] - The Zacks Consensus Estimate for CHRW's full-year earnings has increased by 5.6% over the past quarter, indicating a stronger analyst sentiment and improving earnings outlook [4] - CHRW currently holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to outperform the market in the near term [3] Industry Context - C.H. Robinson Worldwide is part of the Transportation - Services industry, which consists of 26 individual stocks and currently ranks 202 in the Zacks Industry Rank [6] - The Transportation - Services industry has experienced a decline of about 6.2% year-to-date, highlighting CHRW's superior performance within this group [6] - In contrast, the Transportation - Airline industry, which includes Southwest Airlines, has seen a year-to-date increase of 34.5% and ranks 15 among 31 stocks [7]