CH Robinson Worldwide Inc reports results for the quarter ended June 30 - Earnings Summary

• CH Robinson Worldwide Inc CHRW.OQ reported quarterly adjusted earnings of $1.29​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.15. The mean expectation of twenty five analysts for the quarter was for earnings of $1.16 per share. Wall Street expected results to range from $1.07 to $1.25 per share.

• Revenue fell 7.7% to $4.14 billion from a year ago; analysts expected $4.17 billion.

• CH Robinson Worldwide Inc's reported EPS for the quarter was $1.26​.

• The company reported quarterly net income of $152.47 million.

• CH Robinson Worldwide Inc shares had risen by 4.0% this quarter and lost 3.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.7% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 11 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for CH Robinson Worldwide Inc is $111.00, about 10.1% above its last closing price of $99.79

This summary was machine generated from LSEG data July 30 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)