C.H. Robinson Worldwide, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) will unveil its latest earnings on Tuesday, October 25, 2011. CH Robinson Worldwide is a third party logistics company which provides freight transportation and logistics solutions to a variety of clients.

C.H. Robinson Worldwide, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 70 cents per share, a rise of 12.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 72 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 70 cents during the last month. For the year, analysts are projecting net income of $2.67 per share, a rise of 14.6% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at profit of 67 cents per share against an estimate of net income of. In the first quarter, the company also missed expectations.

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Wall St. Revenue Expectations: On average, analysts predict $2.7 billion in revenue this quarter, a rise of 11.6% from the year ago quarter. Analysts are forecasting total revenue of $10.43 billion for the year, a rise of 12.5% from last year’s revenue of $9.27 billion.

Analyst Ratings: Analysts seem relatively indifferent about C.H. Robinson Worldwide with 15 of 23 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 14.2% to $111 million (67 cents a share) from $97.2 million (59 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 10.3% to $2.71 billion from $2.45 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 16%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 23.8% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 15.5% in the first quarter and 17.6% in the fourth quarter of the last fiscal year.

Competitors to Watch: UTi Worldwide Inc. (NASDAQ:UTIW), Expeditors Intl. of Washington (NASDAQ:EXPD), Pacer International, Inc. (NASDAQ:PACR), Hub Group, Inc. (NASDAQ:HUBG), Roadrunner Transportation Services Hold. (NYSE:RRTS), Echo Global Logistics, Inc. (NASDAQ:ECHO), Vitran Corp., Inc. (NASDAQ:VTNC), Pacific CMA, Inc. (PACC), United Parcel Service, Inc. (NYSE:UPS), and J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

Stock Price Performance: During August 23, 2011 to October 19, 2011, the stock price had risen $7.20 (10.9%) from $66.24 to $73.44. The stock price saw one of its best stretches over the last year between March 23, 2011 and April 4, 2011 when shares rose for nine-straight days, rising 5.9% (+$4.19) over that span. It saw one of its worst periods between July 25, 2011 and August 2, 2011 when shares fell for seven-straight days, falling 13.3% (-$10.76) over that span. Shares are down $5.81 (-7.3%) year to date.

(Source: Xignite Financials)

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