C.H. Robinson (CHRW) Q1 Earnings: Stock to Disappoint?
Zacks Investment Research | Apr 22, 2016 12:20AM ET
C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) is set to release first-quarter 2016 financial results after the market closes on Apr 26.
Last quarter, the company posted a positive earnings surprise of 1.15%. Also, the company’s earnings have surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 2.77%. Let’s see how things are shaping up for this announcement.
Factors at Play
C.H Robinson’s Truckload business remains challenged due to the uncertainties associated with the market. Also, the current trend of road freight conversion to rail intermodal may impede the trucking business. Further, the company predicts a rise in expenses in the Less-than Truckload (LTL) space.
Further, C.H. Robinson witnessed some significant cyclical fluctuations with regard to capacity, availability and pricing, marking a trend that it expects to continue. However, C.H. Robinson’s network and service capabilities in freight services will continue to strengthen, and boost its presence in the global freight market.
Earnings Whispers
Our proven model does not conclusively show that C.H. Robinson is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Zacks Investment Research
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