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The Zacks Consensus Estimate for the company’s fourth-quarter earnings has increased by 1.4% in the past 60 days at $1.85. The company has an impressive earnings history, having outperformed the Zacks Consensus Estimate in all of the past four quarters. It has a trailing four-quarter earnings surprise of 22%, on average.
Let’s take a look at the factors that are expected to have influenced the company’s performance in the to-be-reported quarter.
C.H. Robinson Worldwide, Inc. Price and EPS Surprise
Gradual recovery in the economy and improving freight-market conditions are likely to have aided C.H. Robinson’s fourth-quarter top line. Favorable truckload pricing and an increase in less than truckload (“LTL”) volumes are expected to have boosted revenues in the North American Surface Transportation (“NAST”) division, the primary revenue generator. The Zacks Consensus Estimate for fourth-quarter 2021 net NAST revenues indicates an 11.3% rise sequentially.
Rising operating expenses (stemming from a rise in personnel expenses and selling, general and administrative expenses) are expected to have hurt the carrier’s fourth-quarter bottom line.
The consensus mark for Global Forwarding net revenues indicates a 7.1% decline from third-quarter 2021’s reported number, which is likely to have been caused by the supply-chain crisis.
Earnings Whispers
Our proven Zacks model predicts an earnings beat for C.H. Robinson this time around. This is because the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is exactly the case here. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: C.H. Robinson has an Earnings ESP of +4.79% as the Most Accurate Estimate is pegged at $1.93, while the Zacks Consensus Estimate is at $1.85. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: C.H. Robinson carries a Zacks Rank #3.
Highlights of Q3 Earnings
C.H. Robinson’s third-quarter 2021 earnings of $1.85 per share surpassed the Zacks Consensus Estimate of $1.41. The bottom line surged 85% year over year. Total revenues of $6,263.7 million outperformed the Zacks Consensus Estimate of $5,377.9 million. The top line increased 48.3% year over year.
Other Stocks to Consider
Investors interested in the broader Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) , Werner Enterprises (WERN - Free Report) and Air Lease Corporation (AL - Free Report) , as these stocks possess the right combination of elements to beat on earnings this reporting cycle.
Expeditors currently has an Earnings ESP of +2.97% and a Zacks Rank #1. Expeditors will report fourth-quarter results on Feb 22.
Expeditors is being aided by the uptick in airfreight revenues. Shares of EXPD have gained 20.8% in a year’s time.
Werner has an Earnings ESP of +0.35% and is currently a #3 Ranked player. Werner will release fourth-quarter 2021 results on Feb 3.
Werner’s move to expand its final mile capabilities across the northeast United States and the midwest through the acquisition of NEHDS Logistics is encouraging. The transaction enables Werner to offer expanded transportation solutions to deliver big and bulky products.
Air Lease has an Earnings ESP of +1.69% and is currently a #3 Ranked player. Air Lease will release fourth-quarter 2021 results on Feb 17.
We are impressed by Air Lease’s endeavors to reward its shareholders. The company has an impressive dividend payment history. In November, the company’s board approved a dividend hike of approximately 15.6% to 18.5 cents per share (annually: 74 cents).
Image: Shutterstock
Is a Beat in the Cards for C.H. Robinson's (CHRW) Q4 Earnings?
C.H. Robinson Worldwide, Inc. (CHRW - Free Report) is slated to release fourth-quarter 2021 earnings numbers on Feb 2, before market opens.
The Zacks Consensus Estimate for the company’s fourth-quarter earnings has increased by 1.4% in the past 60 days at $1.85. The company has an impressive earnings history, having outperformed the Zacks Consensus Estimate in all of the past four quarters. It has a trailing four-quarter earnings surprise of 22%, on average.
Let’s take a look at the factors that are expected to have influenced the company’s performance in the to-be-reported quarter.
C.H. Robinson Worldwide, Inc. Price and EPS Surprise
C.H. Robinson Worldwide, Inc. price-eps-surprise | C.H. Robinson Worldwide, Inc. Quote
Gradual recovery in the economy and improving freight-market conditions are likely to have aided C.H. Robinson’s fourth-quarter top line. Favorable truckload pricing and an increase in less than truckload (“LTL”) volumes are expected to have boosted revenues in the North American Surface Transportation (“NAST”) division, the primary revenue generator. The Zacks Consensus Estimate for fourth-quarter 2021 net NAST revenues indicates an 11.3% rise sequentially.
Rising operating expenses (stemming from a rise in personnel expenses and selling, general and administrative expenses) are expected to have hurt the carrier’s fourth-quarter bottom line.
The consensus mark for Global Forwarding net revenues indicates a 7.1% decline from third-quarter 2021’s reported number, which is likely to have been caused by the supply-chain crisis.
Earnings Whispers
Our proven Zacks model predicts an earnings beat for C.H. Robinson this time around. This is because the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is exactly the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: C.H. Robinson has an Earnings ESP of +4.79% as the Most Accurate Estimate is pegged at $1.93, while the Zacks Consensus Estimate is at $1.85. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: C.H. Robinson carries a Zacks Rank #3.
Highlights of Q3 Earnings
C.H. Robinson’s third-quarter 2021 earnings of $1.85 per share surpassed the Zacks Consensus Estimate of $1.41. The bottom line surged 85% year over year. Total revenues of $6,263.7 million outperformed the Zacks Consensus Estimate of $5,377.9 million. The top line increased 48.3% year over year.
Other Stocks to Consider
Investors interested in the broader Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) , Werner Enterprises (WERN - Free Report) and Air Lease Corporation (AL - Free Report) , as these stocks possess the right combination of elements to beat on earnings this reporting cycle.
Expeditors currently has an Earnings ESP of +2.97% and a Zacks Rank #1. Expeditors will report fourth-quarter results on Feb 22.
Expeditors is being aided by the uptick in airfreight revenues. Shares of EXPD have gained 20.8% in a year’s time.
Werner has an Earnings ESP of +0.35% and is currently a #3 Ranked player. Werner will release fourth-quarter 2021 results on Feb 3.
Werner’s move to expand its final mile capabilities across the northeast United States and the midwest through the acquisition of NEHDS Logistics is encouraging. The transaction enables Werner to offer expanded transportation solutions to deliver big and bulky products.
Air Lease has an Earnings ESP of +1.69% and is currently a #3 Ranked player. Air Lease will release fourth-quarter 2021 results on Feb 17.
We are impressed by Air Lease’s endeavors to reward its shareholders. The company has an impressive dividend payment history. In November, the company’s board approved a dividend hike of approximately 15.6% to 18.5 cents per share (annually: 74 cents).
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.