Earnings To Watch: C.H. Robinson Worldwide (CHRW) Reports Q3 Results Tomorrow

Freight transportation intermediary C.H. Robinson will be reporting results this Wednesday after the bell. Here’s what you need to know. C.H. Robinson Worldwide missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $4.14 billion, down 7.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates. Is C.H. Robinson Worldwide a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.This quarter, analysts are expecting C.H. Robinson Worldwide’s revenue to decline 9% year on year to $4.23 billion, a reversal from the 7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.30 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 Q3 results, giving us a hint as to what we can expect. FedEx delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 2.7%, and Avis Budget Group reported revenues up 1.1%, topping estimates by 1.8%. FedEx traded up 2.2% following the results. Read our full analysis of FedEx’s results here and Avis Budget Group’s results here.There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 3.8% on average over the last month. C.H. Robinson Worldwide is down 2.2% during the same time and is heading into earnings with an average analyst price target of $137.38 (compared to the current share price of $129).Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.