C.H. Robinson Worldwide (CHRW) Beats Q1 Earnings Estimates

Core Insights - C.H. Robinson Worldwide (CHRW) reported quarterly earnings of $1.17 per share, exceeding the Zacks Consensus Estimate of $1.02 per share, and showing an increase from $0.86 per share a year ago, resulting in an earnings surprise of 14.71% [1][2] - The company posted revenues of $4.05 billion for the quarter, missing the Zacks Consensus Estimate by 6.21%, and down from $4.41 billion year-over-year [2] - C.H. Robinson shares have declined approximately 14.5% year-to-date, compared to a 5.5% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.22 on revenues of $4.47 billion, and for the current fiscal year, it is $4.72 on revenues of $17.72 billion [7] - The estimate revisions trend for C.H. Robinson is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Transportation - Services industry, to which C.H. Robinson belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - RXO, another company in the same industry, is expected to report a quarterly loss of $0.02 per share, with revenues projected at $1.5 billion, reflecting a 64.8% increase year-over-year [9][10]