What To Expect From C.H. Robinson Worldwide's (CHRW) Q1 Earnings

Freight transportation intermediary C.H. Robinson (NASDAQ:CHRW) will be announcing earnings results tomorrow after market hours. Here’s what to look for.

C.H. Robinson Worldwide missed analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $4.18 billion, flat year on year. It was a slower quarter for the company, with a miss of analysts’ North American surface transportation revenue estimates and a slight miss of analysts’ EBITDA estimates.

Is C.H. Robinson Worldwide a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting C.H. Robinson Worldwide’s revenue to decline 3.5% year on year to $4.26 billion, in line with the 4.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.05 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. C.H. Robinson Worldwide has missed Wall Street’s revenue estimates six times over the last two years.

Looking at C.H. Robinson Worldwide’s peers in the transportation and logistics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FedEx delivered year-on-year revenue growth of 1.9%, beating analysts’ expectations by 0.9%, and Ryder reported revenues up 1.1%, in line with consensus estimates. FedEx traded down 6.3% following the results while Ryder’s stock price was unchanged.

Read our full analysis of FedEx’s results here and Ryder’s results here.

Investors in the transportation and logistics segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. C.H. Robinson Worldwide is down 12.4% during the same time and is heading into earnings with an average analyst price target of $112.17 (compared to the current share price of $89.75).

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