S&P 500 (NYSE:SPY) component C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) reported its results for the fourth quarter. CH Robinson Worldwide is a third party logistics company which provides freight transportation and logistics solutions to a variety of clients.

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C.H. Robinson Worldwide Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for C.H. Robinson Worldwide Inc. rose to $109.2 million (67 cents per share) vs. $103.2 million (62 cents per share) in the same quarter a year earlier. This marks a rise of 5.9% from the year earlier quarter.

Revenue: Rose 10.4% to $2.57 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: CHRW fell short of the mean analyst estimate of 68 cents per share. It fell short of the average revenue estimate of $2.63 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 12.4%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 15.8% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 11.4% and in the second quarter, the figure rose 14.2%.

The company fell short of estimates last quarter after being in line with expectations the quarter before with net income of 70 cents.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved down from 67 cents a share to 66 cents over the last ninety days. The average estimate for the fiscal year has remained at $2.65 per share.

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).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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