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S&P 500 (NYSE:SPY) component CH Robinson Worldwide (NASDAQ:CHRW) will unveil its latest earnings on Tuesday, October 23, 2012. CH Robinson Worldwide is a third party logistics company which provides freight transportation and logistics solutions to a variety of clients.
CH Robinson Worldwide Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 73 cents per share, a rise of 4.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 76 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 73 cents during the last month. For the year, analysts are projecting net income of $2.81 per share, a rise of 7.3% from last year.
Past Earnings Performance: The company has fallen in line with estimates the last two quarters. In the second quarter, it reported profit of 71 cents per share and two quarters ago booked net income of 65 cents.
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Wall St. Revenue Expectations: Analysts predict a rise of 10% in revenue from the year-earlier quarter to $2.96 billion.
Stock Price Performance: Between July 24, 2012 and October 17, 2012, the stock price rose $5.44 (9.7%), from $56.25 to $61.69. The stock price saw one of its best stretches over the last year between September 18, 2012 and September 27, 2012, when shares rose for eight straight days, increasing 4.9% (+$2.76) over that span. It saw one of its worst periods between July 3, 2012 and July 12, 2012 when shares fell for seven straight days, dropping 4.7% (-$2.91) over that span.
A Look Back: In the second quarter, profit rose 3.2% to $114.6 million (71 cents a share) from $111 million (67 cents a share) the year earlier, meeting analyst expectations. Revenue rose 9.2% to $2.96 billion from $2.71 billion.
This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 5.9% in the fourth quarter of the last fiscal year and 9.8% in the first quarter before increasing again in the second quarter.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 11.3% in the third quarter of the last fiscal year, 10.4% in the fourth quarter of the last fiscal year and 7.9% in the first quarter before increasing again in the second quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.8 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 1.84 in the first quarter to the last quarter driven in part by an increase in liabilities. Current liabilities increased 8.9% to $949.3 million while assets rose 6.6% to $1.71 billion.
Analyst Ratings: There are mostly holds on the stock with 20 of 24 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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