C.H. Robinson Worldwide Increases Sales but Misses Estimates on Earnings
C.H. Robinson Worldwide (NAS: CHRW) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), C.H. Robinson Worldwide missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved.
Gross margins improved, operating margins shrank, and net margins shrank.
C.H. Robinson Worldwide tallied revenue of $2.57 billion. The 19 analysts polled by S&P Capital IQ predicted revenue of $2.62 billion. Sales were 10% higher than the prior-year quarter's $2.33 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.67. The 23 earnings estimates compiled by S&P Capital IQ forecast $0.68 per share. GAAP EPS of $0.67 for Q4 were 8.2% higher than the prior-year quarter's $0.62 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 15.6%, 620 basis points better than the prior-year quarter. Operating margin was 6.7%, 40 basis points worse than the prior-year quarter. Net margin was 4.3%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.63 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $11.47 billion. The average EPS estimate is $3.01.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 198 members out of 239 rating the stock outperform, and 41 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 84 give C.H. Robinson Worldwide a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on C.H. Robinson Worldwide is hold, with an average price target of $76.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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