S&P 500 (NYSE:SPY) component C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) reported its results for the second quarter. CH Robinson Worldwide is a third party logistics company which provides freight transportation and logistics solutions to a variety of clients.
Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?
C.H. Robinson Worldwide Inc. Earnings Cheat Sheet
Results: Net income for the transportation-services rose to $114.6 million (71 cents per share) vs. $111 million (67 cents per share) in the same quarter a year earlier. This marks a rise of 3.2% from the year-earlier quarter.
Revenue: Rose 9.2% to $2.96 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: C.H. Robinson Worldwide Inc. fell in line with the mean analyst estimate of 71 cents per share. Analysts were expecting revenue of $2.9 billion.
The company has now seen its net income rise for three quarters in a row. In the first quarter, net income rose 9.8% and in the fourth quarter of the last fiscal year, the figure rose 5.9%.
Revenue has increased for four consecutive quarters. Revenue increased 7.9% to $2.55 billion in the first quarter. The figure rose 10.4% in the fourth quarter of the last fiscal year from the year earlier and climbed 11.3% in the third quarter of the last fiscal year from the year-ago quarter.
The company has met estimates for two consecutive quarters. It reported net income of 65 cents in the first quarter.
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the third quarter has moved down from 78 cents a share to 76 cents over the last ninety days. For the fiscal year, the average estimate has moved down from $2.94 a share to $2.88 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Hot Additional Stories: